South Korean Trade Balance On Tap For Tuesday

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South Korea is scheduled to release final July numbers for imports, exports and trade balance, as well as August figures for consumer prices, headlining a busy day for Asian economic news. Analysts are expecting exports to fall 20.1 percent on year, while imports are called lower by 32.1 percent on year. The trade balance is expected to show a surplus of $2.4 billion, while inflation is expected to climb 2.1 percent on year.

China is set to release its July purchasing managers' index for manufacturing, with forecasts calling for a score of 53.5. That follows the 53.3 reading in June.

Hong Kong will announce retail sales data for July. Sales by value are expected to decline 6.5 percent on year after the 4.8 percent annual contraction in June. By volume, sales are called lower by 5.8 percent on year following the 4.2 percent annual fall in the previous month.

Indonesia will provide July numbers for imports, exports and trade balance, along with August inflation figures. Imports are expected to fall 35 percent on year after the 34.3 percent annual contraction in June. Exports are called lower by 23.5 percent on year after the 27.2 percent annual fall in the previous month. The trade balance is expected to show a surplus of $1.3 billion following the $1.377 billion surplus in June. Inflation is tipped to increase 2.7 percent on year after coming in 2.71 percent higher in July.

Thailand will announce August figures for consumer prices, with analysts expecting a fall of 1.3 percent on year after the 4.4 percent annual contraction in July. Core CPI is predicted to ease 0.2 percent on year following the 1.2 percent decline in the previous month.

(Market News Provided by RTTNews)