News Column

China Data On Tap For Tuesday

May 12, 2014

CANBERA (Alliance News) - China is scheduled to release a raft of economic data on Tuesday, highlighting a busy day in Asia-Pacific economic news. On tap are April figures for retail sales, industrial production and fixed asset investment.

Retail sales are expected to rise 12.2% on year - the same rate as in March. Industrial production is tipped to add 8.9%, up slightly from 8.8% in the previous month. FAI is called higher by 17.7% on year, up from 17.6% a month earlier.

Australia will provide March data for home loans, plus Q1 numbers for house prices. Home loans are expected to add 1.0% after gaining 2.3% in February. House prices are tipped to gain 3.0% on quarter and 10.4% on year following the 3.5% quarterly increase and the 9.5% annual increase in the fourth quarter.

Japan will release April numbers for money stock. The M2 money stock is expected to add 3.4% on year, slowing from 3.5% in March. The M3 money stock is expected to ease to 2.8% from 2.9% in the previous month.

New Zealand will see April numbers for food prices; in March, prices were down 0.3% on month and up 1.2% on year.

Finally, the markets in Malaysia, Singapore and Thailand are closed on Tuesday for Wesak Day; they will re-open on Wednesday.

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Source: Alliance News

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