Market Watch: Sentiment Data and Economic Indicators from Japan and Singapore
Aa
Share
Japan
A slew of key sentiment data to keep a lookout for this week. On Monday, big manufacturers, and non-manufacturers sentiment gauges for Q2; the Tankan Large Manufacturers Index is expected to improve to 3 from 1 recorded in Q1. Likewise, a similar improvement is expected on the Tankan Large Non-Manufacturing Index to 22 from 20 in Q1.
On Friday, the attention turns to consumers; household spending for May is expected to see an improvement, a jump to a growth of 0.5% month-on-month from -1.3% recorded in April. On a year-on-year basis, a narrower contraction is expected at -2.4% for May from -4.4% in April, its steepest decrease since June 2021.
Singapore
Several key data to focus on. On Monday, the preliminary URA property index for Q2 where its red-hot growth is expected to dip slightly to 2.9% quarter-on-quarter from 3.3% in Q1. The manufacturing PMI for June is released on Monday as well and is forecasted to improve slightly to 50 from 49.5 in May. If it turns out as expected it put a halt to its prior three months of contraction.
Lastly, growth in retail sales for May is expected to slow to 2.8% year-on-year from 3.6% recorded in April; a potential three consecutive months of growth slowdown.
