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With higher mortgage interest rates slowing the U.S. housing market, the National Association of Realtors released a report on Wednesday showing that pending home sales fell by more than expected in the month of July. NAR said its pending home sales index fell 1.3 percent to 109.5 in July after dipping 0.4 percent to 110.9 in June. Economists had been expecting the index to drop by 1.0 percent.

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With higher mortgage interest rates slowing the U.S. housing market, the National Association of Realtors released a report on Wednesday showing that pending home sales fell by more than expected in the month of July.

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The total value of retail sales in Japan was down 0.3 percent on year in July, the Ministry of Economy, Trade and Industry said on Thursday, standing at 11.743 trillion yen.

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Reflecting revisions to imports and exports, the Commerce Department released a report on Thursday showing that the U.S. economy grew by more than previously estimated in the second quarter. The report said GDP increased by 2.5 percent in the second quarter, reflecting an upward revision from the advance estimate of 1.7 percent growth.

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Japan is scheduled to release a raft of data on Friday, setting the pace for a busy day in Asia-Pacific economic activity.

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The total number of building permits issued in New Zealand in July was down a seasonally adjusted 0.8 percent compared to the previous month, Statistics New Zealand said on Friday - standing at 1,893.

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Confidence among British consumers climbed to its highest level in almost four years in August as the economy gathered momentum, the results of a survey by market research group GfK NOP revealed Friday. Meanwhile, the British Chambers of Commerce, or BCC, upgraded its growth outlook for the economy, citing stronger-than-expected performance in the second quarter.

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Industrial output in Japan gained a seasonally adjusted 3.2 percent in July compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday - reversing the previous month's contraction.

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China's manufacturing sector performance strengthened in August, results of two separate surveys showed, suggesting that the overall economic growth may gather pace in the coming months.

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Retail sales in Australia gained a seasonally adjusted 0.1 percent in July compared to the previous month, the Australian Bureau of Statistics said on Tuesday, standing at A$21.824 billion.

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