Japan’s Manufacturing PMI remained in contraction for the second consecutive month in the flash reading for December. South Korean consumers are facing higher electricity and gas prices next year.
China’s National Development and Reform Commission noted that the Chinese economy is facing a “more complex and grim external environment,” but remains on a positive long-term trend.
South China Morning Post reported that Chinese officials are eager to fully reopen the border with Hong Kong in January.
Japan’s flash December Manufacturing PMI 48.8 (expected 49.0; last 49.0) and flash Services PMI 51.7 (expected 51.1; last 50.3)
South Korea’s November trade deficit $6.99 bln (last deficit of $7.01 bln). November Imports 2.7% yr/yr (last 2.7%) and Exports -14.0% yr/yr (last -14.0%)
Singapore’s November trade surplus $3.047 bln (last surplus of $4.024 bln). November non-oil exports -9.2% m/m (expected -3.0%; last -4.2%); -14.6% yr/yr (expected -7.4%; last -6.1%)
Hong Kong’s November Unemployment Rate 3.7% (last 3.8%)
Australia’s flash December Manufacturing PMI 50.4 (last 51.3) and flash Services PMI 46.9 (last 47.6)
New Zealand’s November Business NZ PMI 47.4 (last 49.3)