Tuesday, June 12, 2007

Asia/Pacific Economic News Preview Wednesday, Tuesday, June 12, 2007 12:26:39 PM

New Zealand will dominate news from the Asia/Pacific region on Wednesday. Australia will also be reporting on its Westpac Consumer Confidence survey for June. Japan will chime in with its Industrial Production numbers for April, as well as its Shipments, Capacity Utilization and Machine Tool Orders.

New Zealand will report on its ANZ Business NZ Purchasing Managers Index for May on Wednesday. The previous report showed a level of 54.2. Later in the day, the country will report on its Retail Sales for April. The prior month showed a rate of 1.3%, and is expected to decline in tomorrow`s data. The data, excluding auto sales, was at 0.8% previously, and is also expected to decline.

Australia will report on the Westpac Consumer Confidence survey for June on Wednesday. The previous month showed a rate of 7.50%. HIA New Home Sales is also due out for April tomorrow.
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