New Zealand Unemployment Data Due On Wednesday

By Rtt News Staff Writer8 days ago

New Zealand will on Wednesday release jobless figures for the first quarter of 2021, highlighting a busy day for Asia-Pacific economic activity. The unemployment rate is called steady at 4.9 percent, while employment is expected to add 0.2 percent on quarter after rising 0.6 percent in the three months prior.

Australia will see April results for the Performance of Construction Index from AiG and March figures for building permits. In March, the construction index had a score of 61.8, while permits are tipped to gain 3.0 percent on month after surging 21.6 percent in February.

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Singapore will provide March figures for retail sales; in February, sales were down 1.6 percent on month and up 5.2 percent on year.

Indonesia will release Q1 numbers for gross domestic product, with forecasts suggesting a decline of 1.04 percent on quarter and 0.74 percent on year. That follows the 0.42 percent quarterly decline and the 2.19 percent yearly drop in the three months prior.

The central bank in Thailand will wrap up its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep its benchmark lending rate unchanged at the current level of 0.50 percent.

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