FX.co ★ China GDP Data Due On Friday

China is poised to publish a comprehensive array of economic data this Friday, capturing the spotlight in a busy period for Asia-Pacific economic indicators. This includes third-quarter results for gross domestic product (GDP) as well as September statistics for industrial production, retail sales, fixed asset investment, and unemployment.

GDP is projected to increase by 0.5% compared to the previous quarter and rise by 4.6% year-on-year, following increments of 0.7% quarter-on-quarter and 4.7% year-on-year in the preceding three months. Industrial output is anticipated to experience a 4.6% year-on-year growth, a slight increase from the 4.5% observed in August. Retail sales are expected to rise by 2.5% annually, improving from the previous month's 2.1%. Fixed Asset Investment (FAI) is forecast to grow by 3.3% on a yearly basis, a slight deceleration from the 3.4% growth seen a month prior. The unemployment rate is projected to remain stable at 5.3%.

Japan is also set to release September data concerning national consumer prices. In the previous month of August, overall inflation was recorded at 0.5% on a monthly basis and 3.0% on a yearly basis, while the core Consumer Price Index (CPI) experienced a 2.8% annual increase.

Malaysia will unveil its third-quarter GDP figures as well as September data for imports, exports, and the trade balance. In Q2, Malaysia's GDP expanded by 5.9% year-on-year. Meanwhile, August saw imports skyrocket by 26.2% annually, and exports grow by 12.1% year-on-year, culminating in a trade surplus of MYR5.70 billion.

Hong Kong is scheduled to report September figures for unemployment, following an August jobless rate of 3.0%.