Plenty to come today, & the data calendar will pick up even further as the week progresses
2245GMT - New Zealand - Building permits for June
- prior +7% m/m
2350GMT - Japan - June preliminary Industrial Production
- expected +1.5% m/m, prior -3.6%
- expected +4.8% y/y, prior +6.5%
This has been a well-performing sector for the Japanese economy
0100GMT - Australia - Monthly Inflation Gauge (this from the Melbourne Institute, the official data does not come out monthly, just once a quarter)
- July
- prior 0.1% m/m & 2.3% y/y
- 'core' inflation (trimmed mean) priors 0.2% m/m and 1.9% y/y
0100GMT - New Zealand -
- ANZ Business confidence for July , prior was 24.8
- ANZ Activity Outlook for July, prior was 42.8
0100GMT - Australia - HIA new home sales for June
0100GMT - China manufacturing and non-manufacturing PMIs for July
- Manufacturing expected 51.5, prior 51.7
- Non-manufacturing prior 54.9
- Still solid growth in both manufacturing and services evident was in June PMIs, expectations are for slightly weaker result in July.
Lesser-watched indicators have been encouraging for the July data:
- Standard Chartered's Small and Medium Enterprise Confidence Index rose to 56 after 3 months of declines
- China Satellite Manufacturing Index rose to 50.5 (from 49.5 in June)
Sales Managers survey (from London-based World Economics) rose to a 26-month high
S&P Global Platts China Steel Sentiment Index rose to 55.3 in July (first time this year it has moved above 50 this year) - And one blot on theses early July rsults: A drop in the confidence of international financial professionals (survey by the China Economic Panel), expectations for the next 12 months slumped to minus 4.1 from 9.7 in June (long-term average is 5.1)
0130GMT - Australia - Private Sector Credit for June
- Expected +0.4% m/m & +5.2% y/y
- Prior +0.4% m/m and +5.0% y/y
- Housing credit prior +0.6% m/m and +6.6% y/y
- Business credit +0.2% m/m and +3.1% y/y
