RTTNews - Japan is scheduled to release March numbers for key machinery orders and April data for corporate goods prices on Friday, setting the pace for a modestly active day for Asian economic news.

Machinery orders are expected to fall 27.7 percent on year after the 30.l percent annual decline in February, and ease 4.6 percent on month following the 1.4 percent gain a month earlier. Corporate prices are called lower by 3 percent on year and higher by 0.2 percent on month after giving up an annual 2.2 percent and 0.2 percent on month in March.

Indonesia will announce Q1 GDP results, with analysts expecting an annual 4.27 percent increase after the 5.2 percent expansion a year earlier. On quarter, GDP is called higher by 1.5 percent after contracting 3.6 percent in the previous three months.

Singapore will release retail sales figures for March, with forecasts calling for a 7 percent decline on year following the 5.7 percent annual contraction in February. On month, retail sales are expected to drop 7.5 percent after the 10.5 percent increase a month earlier.

Hong Kong will announce Q1 GDP figures, with analysts looking for a contraction of 5.3 percent on year after the 2.5 percent annual decline in the previous three months.

Thailand will provide foreign reserves data for the week ending May 8. Forecasts call for an increase of 118.3 percent on year after the 117 percent annual jump in the previous week.

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