South Korea GDP On Tap For Wednesday

(RTTNews) - South Korea will on Wednesday release revised figures for Q4 gross domestic product, highlighting a busy day for Asia-Pacific economic activity.

Q4 GDP was reported higher by 0.4 percent on quarter and 2.7 percent on year in January's preliminary reading. In the third quarter, GDP had risen 0.9 percent on quarter and 3.2 percent on year.

New Zealand will provide February numbers for imports, exports and trade balance. Imports are expected to be worth NZ$3.70 billion, up from NZ$3.64 billion in January. Exports are called at NZ$4.10 billion, up from NZ$3.70 billion in the previous month. The trade balance is tipped to show a surplus of NZ$350 million after coming in at NZ$56 million a month earlier.

Japan will see February numbers for corporate service prices, which are expected to gain 3.3 percent on year - easing from 3.4 percent in January.

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

The Philippines will provide January data for imports and trade balance. Imports are expected to fall 12.7 percent on year after losing 10.6 percent in December. The trade balance is expected to show a deficit of $910 million following the $68 million shortfall in the previous month.