Indonesian Trade Balance Due On Monday

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Indonesia will provide July data for imports, exports and trade balance, headlining a modest Monday for Asian economic news. Imports are expected to contract 31.9 percent on year after the 32.7 percent decline in June. Exports are predicted to fall 24.3 percent on year following the 28.3 percent contraction in the previous month. The trade balance is forecast to show a surplus of $1.7 billion, up from the $1.14 billion surplus a month earlier.

Thailand will release July figures for inflation. Overall CPI is expected to fall 4.3 percent on year after the 4 percent contraction in June. Core CPI is called lower by 1 percent - the same rate of decline as in the previous month.

Japan will release June numbers for labor cash earnings and July data for vehicle sales. Labor cash earnings fell a revised 2.5 percent on year in the previous month, while vehicle sales fell 13.5 percent on year a month earlier.

(Market News Provided by RTTNews)