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Japan Data Due On Thursday

Japan is on Thursday scheduled to release a raft of data on Thursday, setting the pace for Asia-Pacific economic news. On tap are preliminary Q1 figures for gross domestic product and housing loans, as well as final March figures for industrial production.

GDP is expected to add 0.9 percent on quarter and 3.5 percent on year after falling 0.2 percent on quarter and 0.7 percent on year in the fourth quarter of 2011. Nominal GDP is expected to add 1.0 percent on quarter after easing 0.5 percent in the previous three months. The GDP deflator is called lower by 1.4 percent on year after shedding 1.8 percent three months prior. Housing loans saw an increase of 2.2 percent on year in the fourth quarter.

The industrial production figures are expected to show little change from last month's preliminary reading that suggested an increase of 1.0 percent on month and 13.9 percent on year. Capacity utilization was called lower by 1.7 percent on month.

Singapore will provide final Q1 numbers for gross domestic product; little change is expected from last month's flash reading that called for a quarterly gain of 9.9 percent and a yearly increase of 1.6 percent.

New Zealand will release Q1 figures for producer prices, as well as May numbers for consumer confidence and April data for job advertisements. Producer prices inputs and outputs are both expected to remain flat on quarter after adding 0.5 percent and 0.1 percent respectively in the previous three months. Consumer confidence was up 3.4 percent in April, while job ads eased 0.1 percent.

Australia will see February results for average weekly wages, plus inflation expectations for May. Wages are expected to rise 1.0 percent on month and 4.1 percent on year after adding 0.5 percent on quarter and 4.3 percent on year in January. The inflation forecast for April came in at 3.3 percent.

Finally, the market in Indonesia is closed on Thursday and Friday for the Ascension. It will re-open on Monday.

by RTTNews Staff Writer

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