China is set to release a significant slew of economic data on Monday, marking an otherwise calm day for economic activities across the Asia-Pacific region. The release will include second-quarter figures for gross domestic product (GDP) and June statistics for industrial production, retail sales, fixed asset investment, house prices, and unemployment.
In the first quarter, China's GDP saw a quarterly increase of 1.6 percent and a year-on-year rise of 5.3 percent. For May, industrial production grew by 5.6 percent year-on-year, retail sales climbed by 3.7 percent, fixed asset investment (FAI) increased by 4.0 percent, while house prices declined by 3.9 percent. The unemployment rate stood at 5.0 percent.
South Korea will release its June data for imports, exports, and trade balance. In May, imports had fallen by 7.5 percent year-on-year, whereas exports had risen by 5.1 percent, resulting in a trade surplus of $8.00 billion.
Indonesia will also provide its June figures for imports, exports, and trade balance. In May, imports decreased by 8.83 percent year-on-year, and exports increased by 2.86 percent, leading to a trade surplus of $2.93 billion.
Finally, Japanese markets will remain closed on Monday in observance of Marine Day and will resume trading on Tuesday.
