New Zealand trade data due Monday

New Zealand will release January figures for imports, exports and the trade balance on Monday, underscoring a busy day for economic activity in Asia-Pacific. In December, imports stood at NZ$6.55 billion and exports at NZ$6.07 billion for a trade deficit of NZ$477 million.

Australia to see February results for Markit Economics’ Manufacturing, Services and Composites PMIs; in January, their scores were 55.1, 46.6 and 46.7 respectively.

Japan will see February results for Jibun Bank’s manufacturing, services and composites PMIs; in January, their scores were 55.4, 47.6 and 48.8 respectively.

Taiwan to provide January figures for export orders; in December, orders rose 12.1% year-on-year.

China will release January figures for house prices and February figures for one year and five years. House prices rose 2.6% year-on-year in December, while the one-year rate was previously 3.7% and the five-year rate was 4.6%.

Hong Kong will see unemployment figures in January; in December, the unemployment rate was 3.9%.

Thailand will release fourth quarter gross domestic product data, with forecasts suggesting a 1.4% quarter-on-quarter and 0.7% year-on-year increase. This follows the quarterly decline of 1.1 and the annual decline of 0.3 in the previous three months. Over the whole of 2021, GDP fell by 6.1%.

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