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With a drop in utilities output partly offsetting a rebound in manufacturing, the Federal Reserve released a report on Monday showing that U.S. industrial production rose by slightly less than expected in the month of August. The Fed said industrial production increased by 0.4 percent in August after coming in unchanged in July. Economists had expected production to rise by about 0.5 percent.

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Activity in the New York manufacturing sector unexpectedly expanded at a slower pace in the month of September, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index edged down to 6.3 in September from 8.2 in August but remains in positive territory.

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Producer prices in South Korea were up 0.3 percent in August compared to the previous month, the Bank of Korea said on Tuesday.

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The Reserve Bank of Australia will on Tuesday release the minutes from its September monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

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Members of the Reserve Bank of Australia's monetary policy board would not call it imminent, but they would not rule out the possibility of further easing, minutes from the bank's September meeting revealed on Tuesday. The board members felt that it was important to be able to take further steps, should they become necessary, the minutes showed - particularly since the Australian economy has continued to grow slightly below trend.

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Non-oil domestic exports in Singapore were down 6.2 percent on year in August, Statistics Singapore said on Tuesday, after contracting 1.9 percent in July.

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Consumer prices in the U.S. showed a modest increase in the month of August, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index inched up by 0.1 percent in August following a 0.2 percent increase in July.

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Consumer prices in the U.S. showed a modest increase in the month of August, according to a report released by the Labor Department on Tuesday, with the uptick in prices matching economist estimates.

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Following four consecutive months of improvement, the National Association of Home Builders released a report on Tuesday showing that homebuilder confidence in the U.S. remained unchanged in September. The report said the NAHB/Wells Fargo Housing Market Index came in at 58 in September, unchanged from August's downwardly revised reading.

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Following four consecutive months of improvement, the National Association of Home Builders released a report on Tuesday showing that homebuilder confidence in the U.S. remained unchanged in September.

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