Economic data due from Asia today (& China mkts closed)

Its Qingming, the Remembrance of Ancestors Day holiday in China today (Monday holiday to make up for Saturday)

Plenty on the calendar:

2330GMT - Australia -  Australian Industry Group Performance of Manufacturing Index (manufacturing PMI) for March

Prior (February) was 59.3

• An 8.1 point jump in the month


• To its highest since May of 2002

2350GMT - Bank of Japan Tankan report for Q1 of 2017

The BOJ Tankan is a survey of manufacturing and service companies designed to assess business conditions in Japan, conducted quarterly.

On March 23 we got the "Reuters Tankan", a monthly poll that tracks the Bank of Japan"s quarterly poll; it showed the manufacturing index at its highest since April 2014 (more here)

• Tankan Large Mfg Index: expected is 14, prior was 10


• Tankan Large Mfg Outlook: expected is 13, prior was 8


• Tankan Large Non-Mfg Index: expected is 19, prior was 18


• Tankan Large Non-Mfg Outlook: expected is 19, prior was 16


• Tankan Large All Industry Capex: expected is -0.3%, prior was +5.5%


• Tankan Small Mfg Index: expected is 3, prior was 1


• Tankan Small Mfg Outlook: expected is 1, prior was -4


• Tankan Small Non-Mfg Index: expected is 2, prior was 2


• Tankan Small Non-Mfg Outlook: expected is -1, prior was -2
  

A two-line summary of developments in the Japanese economy would go something like this:

• Exports and factory output are benefiting from the recovery in the global economy


• But consumer spending is sluggish

0030GMT - Australia - CoreLogic March House Price Index for Australia, prior +1.4% m/m

0030GMT - Japan - Nikkei Manufacturing PMI (final, March)

• preliminary was 52.6


• prior (February) was 53.3

0100GMT - Australia - the monthly inflation data (private survey data from Melbourne Institute, we only get the official ABS data once a quarter, coming up on April 26)

• prior -0.3% m/m and +2.1% y/y


• and prior monthly "trimmed mean" -0.1% m/m & +2.3% y/y

0130GMT - Australia - Retail Sales for February

• expected +0.3% m/m, prior +0.4%


• Westpac are a little more upbeat on retail sales data now (though their forecast for the month is in line with the median), saying: "The recent pattern has been driven by significant moves in "household goods" retail where the closure of the Masters Home Improvement chain created a big drag on both prices and volumes late last year"
  

0130GMT - Australia - Building Approvals for February

• expected -1.5% m/m and +1.8% was the prior


• expected -14.5% y/y, prior -12.0%


• This data point is showing well past its peak, generally falling since August of 2016

0130GMT - Australia - ANZ"s job ads series, for March

• prior -0.7% m/m

0200GMT - New Zealand - Monthly Economic Indicators (MEI) from the Forecasting and Monitoring team in the NZ Treasury.

A bit later:

0500GMT - Japan - March vehicle sales

0630GMT - Australia - Commodity price index for March

Economic data due from Asia today (& China mkts closed)
Economic data due from Asia today (& China mkts closed)
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