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Economy And The Numbers

New Zealand GDP On Tap For Thursday

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

New Zealand is on Thursday scheduled to release Q1 figures for gross domestic product, highlighting a busy day for Asia-Pacific economic activity.

GDP is expected to rise 0.5 percent on quarter and 2.5 percent on year after rising 1.5 percent on quarter and 3.0 percent on year in the previous three months.

Japan will see final April results for its leading and coincident indexes, plus May numbers for supermarket sales. Little change is expected from the preliminary reading that suggested a score of 99.3 for the leading index and 94.8 for the coincident. In April, supermarket sales dipped an annual 1.9 percent.

Australia will provide foreign exchange transaction data for May; in April, transactions were worth A$382 million.

China will see June figures for the HSBC flash manufacturing PMI, with forecasts suggesting a score of 49.2- unchanged from the previous month.

Hong Kong will release inflation data for May, with analysts expecting the rate to hold steady at 4.0 percent.

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