Singapore Data Due On Wednesday
– Singapore is on Wednesday scheduled to release April figures for retail sales and final Q1 numbers for unemployment, highlighting a modest day for Asian economic activity.
Retail sales are expected to add 1.4 percent on month and 3.4 percent on year after gaining 4.7 percent on month and 0.8 percent on year in March. As for the unemployment, little change is expected from last month’s preliminary reading for a rate of 1.9 percent.
South Korea will provide unemployment data for May, with analysts expecting the rate to come in at 3.8 percent – up from 3.6 percent in April.