New Zealand Trade Data On Tap For Wednesday

My FX Forum

Staff member
New Zealand will on Wednesday release August figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to be worth NZ$5.50 billion, up from NZ$5.49 billion in July. Exports are called at NZ$4.40 billion, down sharply from NZ$5.35 billion in the previous month. The trade deficit is pegged at NZ$925 million after showing a NZ$143 million shortfall a month earlier.

New Zealand also will see September results for the consumer confidence index from ANZ; in August, the index slipped 0.7 percent to a score of 117.6.

Japan will provide final August numbers for machine tool orders; the previous reading suggested an increase of 5.3 percent on year.

Singapore will release August figures for industrial production; in July, production fell 1.7 percent on month and climbed 6.0 percent on year.

Finally, the markets in South Korea continue to be shuttered for Chuseok Day and will return to action on Thursday.