CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Business Survey & Employment Focus Of Week Given Lowe’s Comments

AUSTRALIA DATA

The week ahead contains some important data that the RBA is watching. In his post-March meeting speech, Governor Lowe said that the Board will react to the collective signal from employment, inflation, retail and business survey data. This week the NAB business survey and jobs data print.

  • On Tuesday, CBA household spending intentions for February are due. In January they rose 5.2% y/y and signalled that December may have been a trough. Westpac March consumer confidence is also published. This has been significantly more pessimistic than actual spending. The unemployment and housing-related series are likely to be closely monitored.
  • The February NAB business survey prints on Tuesday and while off of its peaks has remained optimistic. The employment and price/cost components will be a particular focus. Another positive reading this month would be the first signal of an April rate hike.
  • Thursday the important employment data are released. A rebound from the soft January results is expected since the data was significantly impacted by people taking time off between jobs over the summer. A 50k increase in jobs is expected with the unemployment and participation rates improving to 3.6% and 66.6% respectively.
  • MI March consumer inflation expectations are also due on Thursday. They moderated to 5.1% last month but have found it difficult to break through 5% for some time.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.