FX.co ★ Australia Building Approval Data Due On Monday

On Monday, Australia is set to release July figures for building approvals, pointing towards a fairly modest day in economic activity for the Asia-Pacific region. Building approvals are projected to increase by 9.8 percent year-over-year, consistent with the rate observed in June.

Additionally, Australia will publish Q2 data on business inventories and company gross operating profits. Business inventories are expected to decrease by 0.5 percent quarter-over-quarter, following a 1.3 percent rise in Q1. Company profits are anticipated to be down by 0.9 percent quarter-over-quarter, after experiencing a 2.5 percent decline in the prior quarter.

Indonesia will release August consumer price statistics, with the forecast indicating a flat monthly performance and a 2.12 percent annual increase, compared to a 0.18 percent monthly decline and a 2.13 percent year-over-year growth recorded in July. Core CPI is expected to rise by 1.98 percent year-over-year, slightly up from 1.95 percent in the previous month.

Moreover, several regional countries will announce their August manufacturing PMI results from S&P Global. This includes indicators from Australia (Judo Bank), Indonesia, Japan (Jibun Bank), Malaysia, the Philippines, South Korea, Taiwan, Thailand, and China (Caixin).