Japan Corporate Goods Prices On Tap For Wednesday

(RTTNews) - Japan will on Wednesday release May numbers for its domestic corporate goods price index, setting the pace for a modest day in Asia-Pacific economic activity.

Prices are expected to add 0.1 percent on month and 4.1 percent on year after climbing 2.8 percent on month and 4.1 percent on year in April.

Japan also will see Q2 numbers for its all industry index; in the first quarter, the large manufacturing index was at 12.5 and the all industry index came in at 12.7.

New Zealand will provide May numbers for credit card spending; in April, overall spending was down 0.4 percent on month and retail spending was up 0.3 percent.

Australia will see June scores for the consumer confidence index from Westpac; in May, the index tumbled 6.8 percent to a score of 92.9.

South Korea will release unemployment data for May, with the jobless rate expected to ease to 3.6 percent from 3.7 percent in April.

Malaysia will see April data for industrial and manufacturing production. Industrial output is expected to add 0.1 percent on month and 2.0 percent on year after slipping 2.6 percent on month and 4.3 percent on year in March. Manufacturing production fell 3.6 percent on month but climbed 6.4 percent on year in April.

The Philippines will provide unemployment numbers for the first quarter of 2014. In the previous three months, the jobless rate was 7.5 percent with a participation rate of 63.8 percent.