Singapore will on Tuesday release final gross domestic product numbers for the first quarter of 2015, highlighting a modest day for Asia-Pacific economic activity.
GDP is expected to have risen 2.2 percent on year in the first quarter – up from last month’s preliminary reading of 2.1 percent, which was unchanged from the rate of growth in the fourth quarter.
Seasonally adjusted and on an annualized quarterly basis, GDP is called higher by 2.0 percent – up from the preliminary 1.1 percent but slowing from 4.9 percent in Q4.
Singapore also will see April figures for industrial production, with forecasts suggesting an increase of 1.3 percent on month and a decline of 3.4 percent on year. That follows the 1.2 percent monthly increase and the 5.5 percent yearly decline in March.
Thailand will provide April numbers for imports, exports and trade balance. Imports are expected to shed 6.4 percent on year after losing 5.89 percent in March. Exports are called lower by 3.3 percent after losing 4.5 percent in the previous month. The trade deficit is called at $567 million, down from the $1.495 billion surplus a month earlier.
The Philippines will release March data for imports and trade balance. Imports were up 11.2 percent on year in February, while the trade deficit was $813 million.?
Japan will see April numbers for corporate service prices, with analysts looking for an increase of 0.6 percent on year following the 3.2 percent gain in March.
New Zealand will provide April data for imports, exports and trade balance. In March, imports were worth NZ$4.30 billion and exports were at NZ$4.93 billion for a trade surplus of NZ$631 million.
The material has been provided by InstaForex Company – www.instaforex.com