China is set to release a series of economic data this Friday, highlighting a relatively quiet day for Asia-Pacific economic activity. The data will include Q4 GDP figures alongside December statistics for industrial production, retail sales, fixed asset investment, and unemployment.
GDP is projected to grow by 1.7 percent compared to the previous quarter and 5.0 percent year-on-year, following an earlier increase of 0.9 percent quarter-on-quarter and 4.6 percent year-on-year in the third quarter.
Industrial production is anticipated to remain stable at 5.4 percent year-on-year. Retail sales are expected to rise by 3.5 percent annually, up from a 3.0 percent increase in November. Fixed Asset Investment is predicted to hold steady at 3.3 percent, with the unemployment rate also unchanged at 5.0 percent from the previous month.
In Singapore, December data for non-oil domestic exports will be revealed. In November, these exports rose by 14.7 percent compared to the previous month and 3.4 percent compared to the previous year, resulting in a trade surplus of SGD 6.520 billion.
Meanwhile, Malaysia is expected to present preliminary Q4 GDP figures. In the preceding three months, Malaysia's GDP grew by 5.3 percent compared to the same period last year.
The material has been provided by InstaForex Company -
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