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China Data On Tap For Thursday

7/14/2010 6:14 PM ET
(RTTNews) - China is scheduled to release a raft of data on Thursday, headlining a busy day in Asian economic activity. On tap are figures for Q2 GDP, as well as June numbers for CPI, PPI, industrial production, retail sales and urban fixed asset investment.

GDP is expected to add 10.5 percent on year after collecting an annual 11.9 percent in the previous three months. Inflation is expected to come in at 3.3 percent, up from 3.1 percent in May. PPI is tipped to rise 6.8 percent on year after adding 7.1 percent in the previous month. Output is forecast to climb 15.1 percent after climbing 16.5 percent a month earlier. Retail sales are seen higher by 18.8 percent on year after jumping 18.7 percent in May. FAI is predicted to jump 25.2 percent on year after rising 25.9 percent in the previous month.

The Bank of Japan will conclude its two-day monetary policy meeting and then announce its decision on interest rates. The bank is widely tipped to keep rates on hold at a record low of 0.10 percent. Also, the Ministry of Finance will provide weekly capital inflow data for stocks and bonds.

Singapore will release May numbers for retail sales, with forecasts calling for a 2.4 percent annual contraction following the 2.6 percent decline on year in April.

The Philippines central bank will announce its decision on interest rates, with analysts widely expecting the bank to keep rates on hold at the current level of 4 percent.