RTTNews - South Korea is scheduled to release a raft of data on Monday, including final Q1 GDP as well as May figures for import, exports, trade balance and inflation to headline Asia's economic news.
Gross Domestic product is expected to contract 3.8 percent on year versus the preliminary report that showed a 3.4 percent decline. Imports are called lower by 38.3 percent on year after the 35.6 percent annual contraction last reported. Exports are seen down by 28.1 percent on year versus the 19.6 percent in the preliminary report. The trade surplus is expected to come in at $6.9 billion after being first pegged at $5.8 billion. Inflation is forecast at 2.8 percent on year, down from 3.6 percent in April.
Hong Kong will announce April numbers for retail sales. By value, sales are seen down 6.5 percent on year after the 7.7 percent contraction in March. By volume, sales are expected lower by 7.2 percent on year following the 9.3 percent annual decline in the previous month.
Indonesia will announce April figures for import, exports, trade balance and inflation. Imports are expected to fall 39.5 percent on year after the 34.8 percent decline in March. Exports are called lower by 21.1 percent following the 28.2 percent decline in the previous month. The trade balance is expected to show a surplus of $1.7 billion after the $2.012 billion surplus a month earlier.
Thailand will provide April figures for inflation, with analysts looking for the rate to come in at -2.4 percent after the 0.9 percent decline in March. Core inflation is forecast at 0.6 percent after the 1 percent annual increase in the previous month.
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