Asian Economic News

China CPI On Tap For Thursday

China is on Thursday scheduled to release April figures for consumer and producer prices, highlighting a busy day for Asia-Pacific economic activity.

CPI is expected to rise 2.3 percent after adding 2.1 percent in March, while PPI is tipped to fall 2.3 percent after dipping 1.9 percent in the previous month.

The Bank of Korea will conclude its monetary policy meeting and then announce its decision on interest rates; the central bank is widely expected to keep rates on hold at 2.75 percent.

Australia will provide unemployment data for April, with analysts expecting the addition of 11,000 jobs following the loss of 36,100 in March. The unemployment rate is called steady at 5.6 percent.

Malaysia will provide March numbers for industrial production, with forecasts suggesting an increase of 1.5 percent on year following the 4.5 percent contraction in February.

New Zealand will announce unemployment data for the first quarter of 2013, with analysts expecting the rate to ease to 6.8 percent from 6.9 percent in the previous three months. The employment change is expected to add 0.8 percent on quarter and fall 0.7 percent on year.

Japan will release preliminary March readings for its leading and coincident indexes. The leading index is expected to come in at 97.7, up from 97.6 in February. The coincident is called at 93.2, up from 92.4 in the previous month.

Finally, the stock markets in Indonesia are closed on Thursday for the Ascension, and will re-open on Friday.

by RTTNews Staff Writer

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