RTTNews - Hong Kong is scheduled to release April numbers for imports, exports and trade balance, headlining Tuesday's Asian economic news. Analysts are expecting imports to decline 24.6 percent on year after the 22.7 percent annual decline in March. Exports are called lower by 24 percent following the 21.1 percent annual contraction in the previous month. The trade balance is forecast to show a deficit of 11.8 billion Hong Kong dollars after the 18.2 billion Hong Kong dollar shortfall a month earlier.
The Malaysian central bank is poised to announce its interest rate decision for May, with analysts expecting the bank to keep rates on hold at 2 percent.
Singapore will announce April figures for industrial production, with forecasts calling for contraction of 21 percent on year after the 33.9 percent annual decline in March. On a monthly basis, output is seen higher by 6.3 percent after the 13.9 percent fall a month earlier.
The Philippines will release March numbers for imports and trade balance. Imports are seen lower by 32.9 percent on year after the 31.9 percent contraction in February. The trade balance is projected to show a deficit of $532 million following the $552 million shortfall a month earlier.
Japan will provide April numbers for its corporate service price index, with analysts expecting a fall of 2.2 percent on year after the 2.1 percent annual decline a month earlier.
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