Economic data is back on the radar in Asia at the start of December after plunging oil prices dominated headlines for much of last week.
China's monthly purchasing manager's indices (PMI) and Australia's third-quarter gross domestic product (GDP) will take the spotlight.
That time again: China PMIs
The week began with separate readings of China's November factory activity from the government and HSBC. China's official Purchasing Managers' Index (PMI) eased more sharply than expected, official data showed Monday. Meanwhile, HSBC's final PMI reading was unchanged from the flash figure, which clocked in at the breakeven level of 50.0 that separates expansion from contraction
The closely-watched reports come on the heels of the central bank's surprise interest rate cut late last month, which indicated that policymakers are worried about the country's economic slowdown despite publicly quashing stimulus hopes in previous months.
Wednesday will see the release of PMIs for China's service sector, an increasingly important industry for investors as the government attempts to boost domestic spending. In 2013, services accounted for 46 percent of GDP. In October, the official non-manufacturing index slipped to 53.8 from 54 in September, a nine-month low, while HSBC's index hit a three-month low.
All eyes on Australia
Growth data for the world's twelfth-largest economy is expected on Wednesday. According to Moody's Analytics, the economy may grow 0.4 percent on quarter and 2.7 percent on year during the July-September period. Those figures would be slower than the 0.5 percent quarterly rise and 3.1 percent annual increase seen in the May-June period.