New Zealand Trade Data Due On Wednesday

New Zealand Trade Data Due On Wednesday

New Zealand will on Wednesday release February figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to be worth NZ$4.30 billion, down from NZ$5.07 billion in January. Exports are pegged at NZ$4.90 billion, up from NZ$4.73 billion in the previous month. The balance is tipped to show a surplus of NZ$550 million following the NZ$340 million deficit a month earlier.

Australia will see February numbers for skilled vacancies; in January, vacancies were up 0.7 percent on month.

Malaysia will provide February data for consumer prices; in January, overall inflation was up 0.1 percent on month and 1.6 percent on year.

Finally, the markets in Indonesia will be closed on Wednesday for the Hindu New Year and will re-open on Thursday.