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Economy And The Numbers

Japan Machine Orders On Tap For Friday

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Japan is on Friday scheduled to release March figures for machine orders, highlighting a modest day for Asia-Pacific economic activity.

Machine orders are expected to rise 3.3 percent on month but fall 4.9 percent on year after jumping 7.5 percent on month and plunging 11.3 percent on year in February.

Japan also will see Q1 numbers for housing loans; they were up 3.1 percent on year in the previous three months.

New Zealand will provide Q1 data fir producer prices and also see the May results for the ANZ consumer confidence survey. Producer price inputs are expected to add 0.2 percent on quarter, while outputs are called flat. In April, the consumer confidence survey was up 3.8 percent on month with a score of 119.2.

China will see the April results of the leading and coincident indexes from the Conference Board; in March, they were flat and down 0.2 percent, respectively.

Singapore will provide April numbers for imports, exports and trade balance. In March, imports were at 36.91 billion Singapore dollars and exports came in at 41.54 billion Singapore dollars for a trade surplus of 4.63 billion Singapore dollars.

Finally, the stock markets in South Korea and Hong Kong are closed on Friday for Buddha's birthday. Both will re-open on Monday.

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