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Asian Economic News

Japan, Singapore GDP On Tap For Monday

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

Japan is on Monday scheduled to release a raft of economic data, highlighting a busy day for Asia-Pacific economic activity. On tap are preliminary Q2 figures for gross domestic product, as well as final June numbers for industrial production and July data for domestic corporate goods prices and Tokyo condominium sales.

GDP is expected to add 0.9 percent on quarter and 3.6 percent on year after rising 1.0 percent on quarter and 4.1 percent on year in the first quarter.

For industrial output, little change is expected from last month's preliminary reading that suggested a contraction of 3.3 percent on month and 4.8 percent on year.

Domestic corporate goods prices were up 0.1 percent on month and 1.2 percent on year in June - when Tokyo condo sales also surged an annual 22.0 percent.

Singapore also will release final GDP figures for the second quarter; in last month's advance estimate, GDP was called higher by 15.2 percent on quarter and 3.7 percent on year. In Q1, GDP was up 1.8 percent on quarter and 0.2 percent on year.

Australia will release credit card spending numbers for June; in May, balances were at A$49.6 billion and balances were at A$22.6 billion.

New Zealand will provide July figures for food prices; in June, food prices were up 2.1 percent on month and 0.6 percent on year.

Finally, the stock market in Thailand will be closed on Monday in observance of the Queen's Birthday; it will re-open on Tuesday.

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