China Manufacturing PMI On Tap For Wednesday

(RTTNews) - China will on Wednesday release preliminary February manufacturing PMI results from HSBC, highlighting a modest day for Asia-Pacific economic activity.

Analysts are looking for a score of 49.5 - below the boom-or-bust line of 50 that separates expansion from contraction. It's also down from 49.7 in January.

Hong Kong will see fourth quarter numbers for gross domestic product, with forecasts suggesting an increase of 1.9 percent on year - slowing from 2.7 percent in the previous three months.

Australia will provide Q4 numbers for wage costs and construction work done. Wage costs are expected to add 0.6 percent on quarter and 2.5 percent on year after collecting 0.6 percent on quarter and 2.6 percent on year in the third quarter. Construction work is tipped to fall 1.0 percent after tumbling 2.2 percent in Q3.