HONG KONG, April 3 /PRNewswire-Asia/ -- The Bank of Korea (BOK) meets on Thursday 9th against a backdrop of a slightly better tone to recent macro news flow. Most significantly, industrial output jumped almost 7% in February having posted a peak to trough decline of more than 22% in the period up to December.
Canadian housing market downturn continues
An update on the Canadian housing market will be provided when building permits data for February are released on Monday 6th, followed by housing starts (Wednesday 8th) and a snapshot of house prices (Thursday 9th).
Australian housing finance commitments to rise again
Figures on housing finance for February are released on Wednesday 8th. They are likely to show that borrowings for residential property increased for the fifth consecutive month. Significantly, much of the improvement in the demand for housing finance has been due to the increased appetite from first time buyers (FTB).
Hungarian commercial property woes to continue
Hungarian industrial output data for February is due on Tuesday 7th. In January, industrial output fell by 4% on the month on a not seasonally adjusted basis taking the annual decline down to 22.9% (industrial output is now 34.2% below its November 2007 peak).
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