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Japan's all industry activity declined at a slower rate in August, in line with the consensus estimate, figures from the the Ministry of Economy, Trade and Industry showed Tuesday.

The all industry activity index fell 0.1 percent month-over-month in August following the 0.4 percent drop in July. This was in line with the expectations of economists.

The indicator for tertiary industry activity and industrial production declined by 0.1 percent and 1.9 percent, respectively.

Meanwhile, construction industry activity increased, as the index rose 1.5 percent.

The index measuring government services activity remained unchanged in August.

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The Chinese economy logged its weakest expansion since early 2009 in the third quarter as slowdown in investment, particularly in the property sector, continued to drag the recovery.

Gross domestic product grew 7.3 percent in the third quarter from a year ago, slower than the 7.5 percent expansion seen a quarter ago, the National Bureau of Statistics reported Tuesday.

This was the weakest growth since the first quarter of 2009. Nonetheless, the increase was stronger than the 7.2 percent rise forecast by economists.

For the first three quarters, economic growth came in at 7.4 percent, in line with expectations. The government targets about 7.5 percent expansion, which is likely to be missed this year.

Quarter-on-quarter, GDP rose by a seasonally adjusted 1.9 percent versus the second quarter's 2 percent expansion.

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Public sector finance from the U.K. is the major report due on Tuesday, headlining a light day for the European economic news.

The Swiss Federal Customs Administration is set to release foreign trade data at 2.00 am ET. The trade surplus is forecast to rise to CHF 2.49 billion in September from CHF 1.33 billion in August.

In the meantime, Statistics Finland is slated to publish unemployment figures. The jobless rate is expected to rise to 7.9 percent in September from 7.4 percent in August.

At 3.00 am ET, Hungary's average gross wages data for August is due. Wages were up 3 percent year-on-year in July.

The Office for National Statistics is scheduled to release U.K. public sector net borrowing data for September. Government borrowing totaled GBP 12.5 billion in August.

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China's gross domestic product expanded 7.3 percent on year in the third quarter of 2014, the government said on Tuesday - topping expectations for an increase of 7.2 percent but slowing from 7.5 percent in Q2.

On an annualized quarterly basis, GDP was up 1.9 percent - also beating forecasts for 1.8 percent and down from 2.0 percent in the previous three months.

The government also said that industrial production climbed 8.0 percent on year in September, beating expectations for 7.5 percent and up from 6.9 percent in August.

Retail sales climbed an annual 11.6 percent, just shy of forecasts for 11.7 percent and down from 11.9 percent in the previous three months.

Fixed asset investment jumped 16.1 percent on year, also missing expectations for 16.3 percent and down from 16.5 percent in the three months prior.

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China is scheduled to release a raft of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales and fixed asset investment.

GDP is expected to add 1.8 percent on quarter and 7.2 percent on year after gaining 2.0 percent on quarter and 7.5 percent on year in Q2.

Industrial production is tipped to gain 7.5 percent, up from 6.9 percent in August. Retail sales are expected to add 11.7 percent, slowing from 11.9 percent in the previous month. FAI is called higher by an annual 16.3 percent, down from 16.5 percent a month earlier.

The Reserve Bank of Australia will release the minutes from its monetary policy meeting on October 7. At the meeting, the RBA kept its benchmark interest rate unchanged at 2.50 percent.

Japan will provide August numbers for its all industry activity index and September data for supermarket sales. The all industry index is expected to dip 0.4 percent on month after easing 0.2 percent in July. Supermarket sales were down an annual 0.1 percent in August.

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Belgium's consumer confidence deteriorated in October after stabilizing at a one-year low in September, survey figures from the National Bank of Belgium showed Monday.

The consumer confidence index dropped to -12 from -11 in September.

Households grew more pessimistic regarding the overall economic situation and their financial situation. The indicator reflecting consumers' view on the economic situation in the next twelve months fell to -9 from -6 in the previous month.

The measure of their expectations on the financial situation declined to -3 from zero in September.

Meanwhile, fears of further rise in unemployment eased slightly with the indicator falling to 31 from 33.

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The Philippine central bank on Monday ordered banks to raise their capital and announced enhanced rules on credit-risk taking activities.

The Monetary Board of the Bangko Sentral ng Pilipinas decided to raise the capital requirement for large banks called 'universal banks' to up to PHP 20 billion from PHP 4.95 billion. The figure varies based on the number of branches of the bank.

The minimum capital requirement for commercial banks was boosted to a maximum PHP 15 billion from PHP 2.40 billion.

The upward revision in minimum capital levels is in addition to compliance with risk-based capital adequacy ratios in accordance with Basel 3 requirements, the central bank said in a statement. Banks were given five years to comply with the new requirements.

The move was aimed to ensure that banks stand on a strong capital base to support a threshold scale of operations to operate viably and meet client demands effectively, it added. Further, infusing additional capital to domestic banks will place the Philippines in a better position when the ASEAN Banking Integration Framework is implemented in the coming years, the bank said.

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Hong Kong's unemployment rate remained unchanged in the July to September period, as expected by economists, labor market statistics revealed Monday.

The seasonally adjusted jobless rate came in at 3.3 percent in the July to September period, the same rate as in the June to August period, the Census and Statistics Department said. This was in line with the consensus estimate.

On an unadjusted basis, the number of unemployed persons decreased by around 3,500 to 132,900 in the three months ended September.

On the short-term outlook, Secretary for Labor and Welfare, Matthew Cheung Kin-chung said, "While the latest figures indicated a still largely tight labour market up to September, they had not yet reflected the disruptions to economic activities caused by the recent 'Occupy Central' movement on many industries such as retail, catering and inbound tourism, "

"The 'Occupy Central' movement, if protracted, would inevitably dampen the local consumption market in the fourth quarter with potential knock-on impact on the employment market. We will stay vigilant and monitor development closely." he added.

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Italy's industrial orders rebounded in August, figures from the statistical office Istat showed Monday.

Total orders recovered by 1.5 percent month-over-month in August, reversing the 1.5 percent drop in July

Orders in the domestic market rose 0.7 percent and orders in the international market climbed 2.5 percent.

On a year-over-year basis, industrial orders dropped 3.2 percent in August after decreasing 0.7 percent in the previous month.

Industrial turnover increased 0.4 percent compared to the previous month but fell 2.3 percent compared to the corresponding month of the previous year in August.

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Taiwan's export orders in September grew at a much faster-than-expected pace from a year ago, led by strong increases in shipments of machinery and electronic products, figures from the Ministry of Economic Affairs showed Monday.

Export orders in US dollar terms rose 12.7 percent year-on-year, which far exceeded the economists consensus for 3.5 percent growth. In August, orders grew 5.2 percent annually.

Shipments of machinery registered 21.4 percent surge in September, followed by a 19.4 percent jump in exports of electronic products. Furniture exports grew 17.4 percent.

Month-on-month, exports rose 13.4 percent in September.

by RTT Staff Writer

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Germany's producer prices decreased at a faster rate as expected in September, data from Destatis showed Monday.

Producer prices fell 1 percent year-over-year in September following the 0.8 percent decrease in August. This was in line with the consensus estimate.

Energy prices fell the most, by 3.8 percent. Prices of intermediate goods decreased by 0.3 percent in September.

Meanwhile, prices of commodities increased 1.3 percent. Prices of capital goods rose 0.6 percent while prices of consumer goods remained unchanged.

On a month-on-month basis, producer prices remained flat in September, as expected by the economists. This follows the 0.1 percent drop in August.

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Estonia's producer prices declined at a faster pace in September, figures from Statistics Estonia showed Monday.

Producer prices dropped 2 percent year-over-year in September following the 1 percent decline in August.

Prices in the manufacturing sector slid 1.4 percent and prices in the utilities tumbled 9.8 percent. Meanwhile, prices in the mining sector rose 12.2 percent in September.

On a month-over-month basis, producer prices recovered by 0.2 percent in September after the 0.1 percent drop in August.

The export prices index slipped 2.5 percent year-over-year in September but climbed 0.1 percent month-over month. Likewise, the import price index fell 1.5 percent in September compared to the previous year but increased 0.5 percent from the previous month.

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Australia's current monetary policy is configured to support growth in demand, Reserve Bank of Australia official Christopher Kent said Monday.

"Low interest rates temporarily raise the disposable incomes of those with debt, but lower incomes for those reliant on interest-bearing assets," said Kent, RBA Assistant Governor.

He also said that while the monetary policy focus on the next few years, long-term structural changes also have to be noted, referring to Australia's ageing population.

Ageing of the population will weigh on growth of economic activity, labor force participation and the public purse. It may weigh on productivity growth to the extent that it leads to less risk-taking and innovation, he added.

"It will make sense for a combination of extra savings to be built up and for us to do what we can to raise participation rates, including by having people work later into their lives. Extra capital from the rise in savings can be channelled into both goods and services, though it is likely that productive resources (labour and capital) will be required to shift towards the services sectors," Kent said.

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German producer prices and eurozone current account balance are among the handful of economic data scheduled for release on Monday.

At 2 am ET, German statistical office Destatis is scheduled to release its producer prices report. Producer prices are expected to drop 1 percent year-over-year in September after the 0.8 percent fall in August. On a month-over-month basis, producer prices are estimated to remain unchanged following the 0.1 percent decline in August.

At 3:30 am ET, Statistics Netherlands is due to release its consumer confidence report. The consumer confidence index is forecast to decrease to -8 in October from -7 in September.

At 4 am ET, the European Central Bank will release its current account balance figures for August. In July, the surplus was at EUR 18.7 billion.

Around the same time, Italy's statistical office ISTAT is due to release its industrial orders report for August. In July, industrial orders had declined 0.7 percent year-over-year and 1.5 percent month-over-month.

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Japan's economy is recovering gradually though output has shown weakness, Bank of Japan's Governor Haruhiko Kuroda said on Monday in his opening remarks at the meeting of the central bank's regional managers.

The recovering trend is expected to continue as the effects of consumption tax begins to wane, he said.

He added that core inflation is likely to remain at 1.25 percent in the future.

Kuroda noted that the bank's policy of quantitative and qualitative monetary easing, which is exerting the desired effects, will be maintained as long as needed to achieve 2 percent inflation.

The Bank will adjust the policy as needed after assessing the upside and downside risks to the economy and prices, he added.

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An index measuring consumer confidence in New Zealand slowed in October, the latest survey from ANZ Bank revealed on Monday - falling 3.4 percent to a one-year low score of 123.4.

That follows the 1.8 percent monthly increase in September to 127.7.

The index for current conditions added 0.3 points to 124.4, while the index for future conditions tumbled 7.4 points to 122.8.

"Consumer and business confidence have eased from their highs," ANZ Bank New Zealand chief economist Cameron Bagrie said in a report accompanying the data. "Nonetheless, our composite confidence gauge (which combines both sentiment measures) is still projecting a strong economy into 2015."

by RTT Staff Writer

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The average asking price of a house in the United Kingdom was up 2.6 percent on month in October, property tracking website Rightmove said on Monday, to 271,669 pounds.

That follows the 0.9 percent increase in September.

On a yearly basis, house prices spiked 7.6 percent - slowing from the 7.9 percent jump in the previous month.

By region, house prices jumped 10 percent in the south-east and 9.6 percent in London.

by RTT Staff Writer

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New Zealand's services sector continued to expand at an accelerated pace in September, the latest survey from Business New Zealand revealed on Monday - with a PMI score of 58.0.

That's up from the downwardly revised 57.7 in August (originally 59.9), and it moves further above the boom-or-bust level of 50 that separates expansion from contraction.

All five of the individual components of the survey were expansionary for the fourth straight month, the data showed.

The sub-indices were strongest for new orders and sales, while employment, supplier deliveries and inventories also remained well above the expansion mark.

by RTT Staff Writer

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Producer prices in South Korea were down 0.3 percent on month in September, the Bank of Korea said on Monday - following the 0.1 percent decline in August.

Among the individual components of the survey, prices for agricultural, forestry and marine products dropped 1.5 percent on month, while manufacturing industry products fell 0.4 percent, services eased 0.1 percent and utilities were flat.

On a yearly basis, producer prices dipped 0.4 percent after losing0.2 percent in the previous month.

by RTT Staff Writer

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Japan will on Monday release final August figures for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity.

Little change is expected from the preliminary readings that called for scores of 104.0 and 108.5, respectively. The leading index in July was at 105.4, while the coincident came in at 109.9.

Japan also will see September figures for department store sales. Nationwide sales eased 0.3 percent on year in August, while sales in the Tokyo region added an annual 1.3 percent.

New Zealand will see October numbers for the consumer confidence index from ANZ; in September, the index added 1.8 percent on month to a score of 127.7.

Hong Kong will release unemployment data for September, with analysts expecting the jobless rate to remain unchanged at 3.3 percent.

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