China GDP On Tap For Tuesday

CANBERA (Alliance News) - China is scheduled to release a raft of data on Tuesday, headlining a ...

Alliance News 16 April, 2018 | 11:07PM
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CANBERA (Alliance News) - China is scheduled to release a raft of data on Tuesday, headlining a busy day for Asia-Pacific economic activity. On tap are Q1 numbers for gross domestic product, as well as March figures for retail sales, industrial production and fixed asset investment.

GDP is expected to jump 1.5% on quarter and 6.8% on year after climbing 1.6% on quarter and 6.8% on year in the three months prior.

Retail sales are called higher by 9.7% on year, up from 9.4% in February. Output is expected to rise 6.4% on year, up from 6.2% in the previous month. FAI is pegged at 7.7%, down from 7.9% a month earlier.

The Reserve Bank of Australia will release the minutes from its monetary policy meeting on April 3. At the meeting, the central bank kept its key interest rate unchanged at a record low 1.50% for the 20th straight month.

Japan will see final February numbers for industrial production; the previous reading suggested an increase of 4.1% on month and 1.4% on year.

Singapore will release March data for imports, exports and trade balance. In February, imports were worth 34.63 billion SGD and exports were at 38.95 billion SGD for a trade surplus of 4.32 billion SGD.

Copyright RTT News/dpa-AFX

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