Chinese GDP On Tap For Thursday

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China is scheduled to release a raft of data on Thursday, headlining a busy day for Asian economic news. Third-quarter gross domestic product is the headline figure, while September figures for inflation, industrial output, PPI, retail sales and urban fixed asset investment also are due.

Analysts are expecting GDP to come in at 9 percent on year following the 7.9 percent annual expansion in the previous three months. CPI is predicted to ease 0.8 percent on year after the 1.2 percent annual contraction in August. Output is seen higher by 13.2 percent on year after the 12.3 percent annual expansion in the previous month. PPI is tipped to contract an annual 7.4 percent after shedding 7.9 percent on year a month earlier. Retail sales are called higher by 15.5 percent after the 15.4 percent annual gain in August. Urban FAI is predicted to climb an annual 33.1 percent following the 33 percent jump on year in August.

Japan will release September numbers for merchandise imports, exports, trade balance and supermarket sales, along with the all industry activity index for August. Imports are expected to fall 38 percent on year after the 41.3 percent annual contraction in August. Exports are called lower by an annual 29.7 percent following the 36 percent decline on year in the previous month. The trade balance is expected to show a surplus of 625.3 billion yen after the 185.7 billion yen surplus in August. The adjusted balance is tipped to reflect a surplus of 375 billion yen following the 235.4 billion yen surplus in the previous month. The all industry index is predicted to add 0.4 percent after rising 0.5 percent in July, while supermarket sales shed 3.4 percent on year in August.

Taiwan will provide September numbers for commercial sales and unemployment. Commercial sales are seen lower by 0.9 percent on year after the 2.12 percent annual contraction in August. The unemployment rate is expected to ease to 6.07 percent from the current 6.13 percent.

Hong Kong will announce September numbers for its consumer price index. Forecasts call for an increase of 0.3 percent on year following the 1.6 percent annual decline in August.

(Market News Provided by RTTNews)