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China Data Due On Wednesday

China is scheduled to release a raft of data on Wednesday, setting the pace for a busy day in Asia-Pacific economic activity. On tap are April figures for industrial production, retail sales, fixed asset investment and unemployment.

Industrial production is expected to rise 6.5 percent on year, slowing from 8.5 percent in March. Retail sales are tipped to gain an annual 8.6 percent, down from 8.7 percent in the previous month. Fixed asset investment is predicted to rise 6.4 percent on year, up from 6.3 percent a month earlier. The jobless rate is called steady at 5.2 percent.

Japan will see April numbers for money stock and machine tool orders. The M2 money stock is tipped to add 2.3 percent on year, down from 2.4 percent in March. The M3 money stock is called steady at 2.1 percent. Machine tool orders plummeted an annual 28.5 percent in March.

Australia will provide Q1 figures for wage prices and May numbers for the consumer confidence index from Westpac.

Wage prices are predicted to add 0.6 percent on quarter and 2.3 percent on year after rising 0.5 percent on quarter and 2.3 percent on year in the three months prior. The Westpac index rose 1.9 percent in April to a score of 100.7.

Indonesia will release April data for imports, exports and trade balance. In March, imports were worth $13.49 billion and exports were at $14.04 billion for a trade surplus of $0.54 billion.

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