Light day economic data-wise in Asia; but we do have a few releases from New Zealand soon.
At 2130GMT we get the monthly Bank of New Zealand/Business New Zealand Business Performance of Services Index … what a mouthful.
Also known as the the BNZ-BusinessNZ PSI (that’s a bit easier). It measures activity levels in the New Zealand services sector.
Prior result, for September, was 49.6 (below 50 is a contraction – the first contraction since July 2010).
We also get the NZ Capital Goods Price Index for the 3rd quarter – as the name suggests this shows the change in price level of fixed capital assets. Prior result for the June quarter was +0.6%.
Still in NZ, at 2145 GMT we get the quarterly PPI Input & PPI Output Indices.
PPI (Input) measures the changing price of goods and raw materials purchased by manufacturers (i.e. as inputs to the manufacturing process).
3rd Quarter PPI Input (QoQ):
- Previous (2nd quarter result) +0.6%
- Market Expects +0.3%
PPI (Output) measures the changing price of goods sold by manufacturers (i.e. outputs).
3rd Quarter PPI Output (QoQ):
- Previous (2nd quarter result) +0.3%
- Market Expects +0.2%