FX.co ★ Australia Trade Data Due On Thursday

Australia is set to release June data for imports, exports, and trade balance on Wednesday, marking a significant day for Asia-Pacific economic indicators. In May, imports saw a 3.9% month-on-month increase, while exports rose by 2.8%, resulting in a trade surplus of A$5.773 billion.

Additionally, Australia will unveil Q2 data for import and export prices. Previously, import prices fell by 1.8% quarterly, while export prices declined by 2.1%.

South Korea will report July figures for imports, exports, and trade balance. Imports are anticipated to surge 13.4% year-on-year following a 7.5% decrease in June. Meanwhile, exports are expected to climb 19.1% annually, having risen by 5.1% in the prior month. The trade surplus is projected at $4.38 billion, down from $7.99 billion the previous month.

Indonesia will announce July consumer price data. In June, overall inflation decreased by 0.08% month-on-month but increased by 2.51% year-on-year, with core CPI rising 1.90% annually.

Hong Kong will release June retail sales figures; in May, sales contracted by 11.5% year-on-year.

Furthermore, several regional countries will publish their respective manufacturing PMI results from S&P Global, including Australia (Judo Bank), Indonesia, Japan (Jibun Bank), Malaysia, the Philippines, South Korea, Thailand, Taiwan, Vietnam, and China (Caixin).