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Thursday, June 24, 2021

Here is what’s on the economic calendar in Asia today

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Monday Asia time kicks off a packed week for the data agenda. 

2350 GMT Japan Industrial
Production for April (preliminary)

  • expected +3.9% m/m, prior +1.7%

  • expected +16.9% y/y, prior +3.4% (note the y/y expected is very much influenced by the ‘base effect’ of comparison to a super-weak 2020 due to the pandemic response impact upon the economy)

2350 GMT Japan Retail sales
for April

  • expected 15.2% m/m, prior 5.2% (ditto on the y/y base impacts)

  • expected -1.7% y/y, prior 1.2% 

0100 GMT New Zealand ANZ
business survey for May, final 

0100 GMT Australia –
Melbourne Institute monthly CPI inflation for May

  • prior 0.4% m/m and 2.3% y/y

  • trimmed mean prior is here (0.3% m/m and 1.6% y/y if you wish to save a click)

  • Official CPI data is once a
    quarter in Australia, this monthly guide is a good heads up for the
    quarterly data. 

  • The RBA meet tomorrow (Tuesday 1 June 2021) on monetary policy. The Bank is viewing any inflation as transient only and will leave policy on hold at its current ultra loose settings. 

0100 GMT China official PMIs
for May

  • Manufacturing expected 51.1,
    prior 51.1

  • Non-manufacturing expected 55.1,
    prior 54.9

  • Composite prior 53.3

0130 GMT Australia Private
Sector Credit for April

  • expected 0.4% m/m, prior 0.4%

  • expected 1.4% y/y, prior 1.0%

 more to come  

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