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Japan Retail Sales Data Due On Thursday

Japan is on Thursday scheduled to release February figures for retail sales, highlighting a modest day for Asia-Pacific economic activity. Retail sales are expected to rise 1.4 percent on year after adding a downwardly revised 1.8 percent in January. Sales are called flat on month after collecting a downwardly revised 3.1 percent in January. Sales from large retailers are expected to ease 0.3 percent on year after falling a downwardly revised 1.2 percent in the previous month.

New Zealand will see the results of the NBNZ business confidence and activity outlook indexes for March; the outlook saw a score of 31.2 in February, while confidence was at 28.0.

South Korea will provide current account numbers for February, with forecasts suggesting a surplus of $2 billion after showing a deficit of $772 million in January.

Hong Kong will announce retail sales figures for February. By value, sales are tipped to rise 22.8 percent on year following the 14.9 percent expansion in January. By volume, sales are called higher by 15.3 percent on year after collecting 9.1 percent in the previous month.

by RTT Staff Writer

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