Alliance News Detail

Australia Home Loan Data Due On Tuesday

CANBERA (Alliance News) - Australia will on Tuesday release December data for home loans, setting the pace for a busy day in Asia-Pacific economic activity.

Home loans are expected to sink 2.0% on month after slipping 09% in November. The value of loans fell 1.4% in the previous month and investment lending sank 4.5%.

Australia also will see January results for the indexes of business confidence and conditions from NAB; in December, their scores were +3 and +2, respectively.

Japan will provide December results for its tertiary industry index and January figures for money stock and machine tool orders.

The tertiary industry index is expected to eased 0.1% on month after falling 0.3% in November. The M2 and M3 money stocks were expected to hold steady at 2.4% and 2.1%, respectively. Machine tool orders tumbled 18.3% on year in December.

New Zealand will release January numbers for credit card spending; in December, overall electronic spending was down 1.9% on month and retail card spending fell 2.3%.

Copyright RTT News/dpa-AFX