China’s Big Data release to show if economy rebounded

On Tuesday, China is expected to disclose a number of data that would highlight the country’s economic activities. The Q1 GDP estimates are available together with the March figures for retail sales, industrial output, fixed asset investment, unemployment, and housing prices.

After increasing by 1.0 percent on the quarter and 5.2 percent on the year in the preceding three months, the GDP is predicted to grow by 0.8 percent on the quarter and 4.8 percent on the year. It is predicted that the unemployment rate would decrease from 5.3 percent in February to 5.2 percent. Following a 1.4 percent decline one month ago, house prices are now down 1.2 percent year over year.

Retail sales are predicted to increase by 5.1 percent annually, down from 5.5 percent a month earlier, while industrial production is predicted to increase by 5.4 percent year over year, down from 7.0 percent in February. From 4.2 percent in the previous month, fixed asset investments are now higher by 4.3 percent year over year.

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Indonesia is set to disclose its March trade balance, export, and import data. With a 9.45% annual decline in exports and a 15.84 percent annual increase in imports, there was a $0.87 billion trade surplus in February.

Lastly, Thailand’s market will reopen on Wednesday after remaining closed for the Songkran Festival.