Global Economic Updates: Indonesia, Thailand, and China Release Key Data

In Indonesia, March trade balance, export, and import data will be released, following a $0.87 billion trade surplus in February. Meanwhile in Thailand, the market will reopen on Wednesday after being closed for the Songkran Festival. On the other hand, China is expected to release several key economic indicators on Tuesday, including Q1 GDP estimates, retail sales, industrial output, fixed asset investment, unemployment and housing prices. It is predicted that GDP will grow by 0.8 percent on the quarter and 4.8 percent on the year with a decrease in the unemployment rate from 5.3 percent to 5.2 percent. House prices are expected to be down 1.2 percent year over year. Retail sales are forecasted to increase by 5.1 percent annually while industrial production is estimated to rise by 5.4 percent year over year and fixed asset investments are predicted to be up by 4.3 percent year over year