On Tuesday, Hong Kong is set to disclose its import, export, and trade balance data for February. This release is expected to shed light on the month's economic activity in the Asia-Pacific region. January's results highlighted a 21.7% month-on-month increase in imports and a significant 33.6% surge in exports, leading to a HKD3.6 billion trade surplus.
Meanwhile, Singapore is due to release its industrial production figures for February. After observing a 5.7% month-to-month decline and a 1.1% year-on-year increase in January, the forecasts anticipate a recovery with a projected 4.5% monthly increase and a modest 0.2% annual growth.
March's outcomes for the consumer sentiment index from Westpac Bank will be revealed by Australia. The previous month saw a confidence-boosting 6.2% increase in the index.
Japan is also set to release its producer price data for February. Predictions suggest a slight ease in the growth rate, anticipating a 2.0% annual increase compared to the 2.1% growth seen in the previous month.
Lastly, Thailand is anticipated to release its February statistics for imports, exports and trade balance. Following a 2.60% increase in January, imports are expected to continue this growth at a slightly faster pace of 2.65% year-on-year. While exports are projected to grow at an annual rate of 3.45%, a slowdown from the previous 10.0%. The country's trade deficit is expected to shrink from the $2.760 billion seen in January, with the latest estimates predicting a figure of around $800 million.
