FX.co ★ New Zealand GDP Data Due On Wednesday

On Wednesday, New Zealand is set to publish the first quarter's gross domestic product (GDP) figures, positioning it as a focal point in the Asia-Pacific economic discussion. Forecasters suggest a quarter-on-quarter GDP growth of 0.6% and an annual increase of 5.0%, reflecting a slight acceleration from the previous three-month period's 0.5% quarterly and 4.7% annual growth.

Besides this, Japan will release trade statistics for March, including data on imports, exports, and trade balance. In February, the nation witnessed a 0.5% year-on-year increase in imports and a 7.8% annual increase in exports. This trading activity resulted in a trade deficit of 379.4 billion yen.

Additionally, Singapore is expected to present non-oil domestic export figures for March. Previously, in February, the nation reported a 4.8% monthly decrease and a 0.1% annual decrease in non-oil domestic exports, culminating in a trade surplus of SGD 5.968 billion.

Lastly, Indonesia will disclose retail sales figures for February. The previous month's data showed a 1.1% annual increase in retail sales, indicating a healthy consumer goods market.