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Japan Data On Tap For Friday

Japan is scheduled to release a raft of data on Friday, highlighting a busy day for Asia-Pacific economic activity. On tap are February figures for household spending, unemployment, inflation, loans, housing starts, construction orders and industrial production, as well as the Nomura/JMMA Manufacturing PMI for March.

Household spending is expected to ease 0.5 percent on year after falling 2.3 percent in January, while the unemployment rate is expected to hold steady at 4.6 percent. Overall national inflation is called flat on year after adding 0.1 percent in the previous month, while core CPI is tipped to remain unchanged at -0.1 percent. Housing starts are tipped to fall 1.1 percent on year, unchanged from the previous month. Industrial production is expected to add 1.3 percent on month and 3.7 percent on year after collecting 1.9 percent on month and falling 1.3 percent on year in January. The Nomura index came in with a score of 50.5 in February.

Australia will provide February figures for private sector credit and new home sales. Private sector credit is expected to rise 3.3 percent on year and 0.3 percent on month after collecting 3.5 percent on year and 0.2 percent on month in January. Home sales were down 7.3 percent on month in January.

South Korea will release final Q4 numbers for gross domestic product. Little change is expected from the preliminary readings for an increase of 0.4 percent on quarter and 3.4 percent on year.

by RTTNews Staff Writer

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