China Inflation Data On Tap For Tuesday

(RTTNews) - China will on Tuesday release January numbers for consumer and producer prices, highlighting a modest day for Asia-Pacific economic data.

Consumer prices are expected to have risen 1.1 percent on year, slowing from 1.5 percent in December. Producer prices are tipped to have fallen 3.7 percent after shedding 3.4 percent in the previous month.

Australia will provide January results for business conditions and confidence from NAB, as well as Q4 data for house prices.

The index for business conditions had a score of 4 in December, while conditions were at 2. House prices are tipped to add 1.8 percent on quarter after adding 1.5 percent in the third quarter. On a yearly basis, prices jumped 7.1 percent after climbing 9.1 percent in the three months prior.

Japan will provide December numbers for its tertiary industry index, January results for money stock and Q4 figures for housing loans.

The tertiary industry index is expected to show a flat reading on month after adding 0.2 percent in November. The M2 and M3 money stocks are expected to hold steady at 3.6 percent and 2.9 percent, respectively. Housing loans were up 2.8 percent on year in the third quarter.

Malaysia will release December figures for industrial and manufacturing production. Industrial production is expected to fall 1.0 percent on month and gain 3.70 percent on year after adding 1.5 percent on month and 4.7 percent on year in November. Manufacturing production was up 1.3 percent on month and 3.7 percent on year in the previous month.