Retail sales. Japan, 01:50 (GMT+2) 31 May

31May.202300:50

Retail sales. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), April data on retail sales will be released in Japan. The indicator captures the volume of all goods sold by retailers based on samples of retail stores of various types and sizes. It is an important indicator of consumer spending and has a significant impact on the gross domestic product (GDP). The rate is expected to decrease from 6.9% to 5.8% YoY. Implementation of the forecast may put pressure on the yen.

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31 May. 2023 00:50

Industrial production. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), April data on industrial production will be published in Japan. The indicator captures the change in the volume of output of industrial goods and utilities in the country. Its calculation considers the manufacturing and mining industries, as well as the electric power industry. It is expected that the April value will decrease from 1.1% to 0.5%, which, in turn, may put pressure on the yen.

31 May. 2023 02:30

Manufacturing PMI. China, 03:30 (GMT+2)

At 03:30 (GMT+2), May data on the index of business activity in the manufacturing sector will be published in China. The indicator reflects the state of business activity in the national manufacturing industry, based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, the attitude of purchasing and supply managers to the current economic situation and the prospects for its further development is assessed. The value is expected to rise from 49.2 points to 51.4 points.

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