Economic Calendar This Week: Week beginning 19 April 2021
Updated: 2021-04-19 09:58:19 KST
On Monday, Japan's Ministry of Finance will announce export and import figures for March.
The country's exports dropped four.five percent in February compared to the same month last year.
A decline in U.S.-bound shipments was seen as a major factor.
The figure dropped 14 percent year-on-year in February, dragged down mainly by automobiles and airplane parts.
Meanwhile, imports increased nearly 12 percent, posting a trade surplus of Japan of 217 billion yen or two billion U.S. dollars.
On Wednesday, the Bank of Korea will release the producer price index for March.
The figure rose for the fourth consecutive month in February on month, mainly due to a sharp increase in agricultural and fishery products.
The price of green peppers, in particular, soared 127 percent compared to the previous month, and that of scallions skyrocketed over 340 percent from a year before.
The central bank attributed the sharp rise to a decline in supply due to a cold wave and the spread of bird flu.
The producer price index or simply PPI is one of the official measures of inflation, tracking the average change over time in the selling prices of goods and services received by domestic producers for their output.
On Thursday, in the U.S., the labor department will announce the number of people filing for unemployment benefits for the week ending April 17th.
In its latest weekly report, the figure plunged to 576-thousand, the lowest level since March last year.
An increase in the number of new jobs has been cited as one of the major causes for the drop.
The country added 916-thousand jobs this March, which is largest since last August.
However, the employment figure remains nearly eight.five million jobs below its pre-pandemic level in February last year.
SEO Eunkyung, Arirang News.