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Japan is scheduled to release preliminary October numbers for industrial production on Monday, setting the pace for a busy day in Asia-Pacific economic news. Also due from Japan are October numbers for housing starts.
Industrial production is forecast to add 2.5 percent on month following the 2.1 percent increase in September. On an annual basis, output is expected to fall 13.4 percent after the 18.9 percent plunge in the previous month. Housing starts are predicted to drop 33.5 percent on year to 705,000 yen after falling an annual 37 percent to 699,000 in September. Finally, Bank of Japan Governor Masaaki Shirakawa is scheduled to speak at a business meeting in Nagoya City.
Australia will provide October figures for private sector credit, which is tipped to add 0.2 percent on month and 1.6 percent on year after easing 0.2 percent and gaining 1.7 percent on year in September. Australia also will release its monthly inflation gauge and Q3 data for business indicators.
South Korea will release October numbers for industrial output, leading index and service industry output. Industrial production is tipped to gain 5.8 percent on year after climbing an annual 11 percent in September. The leading index was up 10.1 percent in September, while service industry output added an annual 4.2 percent in the previous month.
Thailand will announce October data for imports, exports, trade balance, current account, manufacturing production and manufacturing index. Imports are expected to fall 18.5 percent on year after the 18.2 percent annual contraction in September. Exports are seen down by 2.5 percent on year after the 8.3 percent annual fall in the previous month. The trade balance is expected to show a surplus of $1.602 billion after posting a $2.047 billion surplus a month earlier. The current account is forecast to reflect a surplus of $1.522 billion after the $1.258 billion surplus in September. Manufacturing production is called flat.
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