Japan is scheduled to announce preliminary figures for industrial production on Thursday, headlining a busy day for Asian economic news. Also due from Japan are March numbers for construction orders and housing starts, as well as the Nomura purchasing managers index for April.
Industrial production is expected to drop 34.7 percent on year following the 38.4 percent annual decline in February. On month, output is expected to add 0.8 percent after the 9.4 percent fall in the previous month. Construction orders fell 24.9 percent on year in February, while housing starts are expected to come in lower by 22.5 percent at an average of 866,000 yen. The PMI saw an index score of 33.8 in March.
South Korea will release March numbers for industrial output, service industry output and its leading index. Industrial production is expected to fall 13 percent on year following the 10.3 percent annual decline in February. Service industry output was down 0.1 percent on year in the previous month, while the leading index was down an annual 4 percent a month earlier.
Singapore is scheduled to release Q1 numbers for seasonally adjusted unemployment. Analysts are expecting the rate to come in at 3.2 percent, up sharply from 2.6 percent in the fourth quarter of 2008.
Thailand is set to announce March numbers for imports, exports, trade balance, current account and manufacturing index. Imports are expected to fall 35.4 percent on year, while exports are tipped lower by an annual 23.6 percent. The trade balance is seen at $2.07 billion and the current account is expected to reflect a surplus of $1.976 billion. Manufacturing production is predicted to fall 19 percent on year.
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