Japan’s GDP data will be available for Tuesday


Japan will release preliminary third-quarter gross domestic product figures on Tuesday, underscoring a busy day for economic activity in Asia-Pacific. GDP is expected to rise 0.3% quarter on quarter and 1.1% year on year after gaining 0.9% quarter on quarter and 3.5% year on year in the second quarter.

Japan will also see final September figures for industrial production; in August, production was up 3.4% over one month and 5.8% over one year.

The Reserve Bank of Australia will publish the minutes of its monetary policy meeting on November 1. At the meeting, the RBA raised its benchmark interest rate by a quarter point to 2.85% and reiterated the guidance that rates will be raised further based on incoming data.

China will provide October data on industrial production, retail sales, investment in fixed assets and unemployment. Industrial production should increase by 5.2% year on year, against 6.3% in September. Sales are expected to rise 1.0% a year from 2.5% a month earlier. The FAI is said to be stable at 5.9% year on year, while the unemployment rate is also called unchanged, at 5.5%.

Indonesia will see October figures for imports, exports and trade balance. In September, taxes rose 22.02% year on year and exports jumped 20.28% year on year to a trade surplus of $4.99 billion.

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