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Focus On Retail And Housing Data This Week

AUSTRALIA DATA

This week the focus is on retail sales. Today nominal sales for September and on Friday Q3 volumes are released. There are also a lot of housing data.

  • September retail sales are expected to rise 0.3% m/m after 0.2%. There is a range of estimates from flat to +0.8%. Q3 sales volumes on Friday are forecast to contract for the fourth straight quarter declining 0.3% q/q after -0.5% with projections between +0.3 and -1.2%.
  • CoreLogic house prices for October and September building approvals print on Wednesday. Approvals are forecast to rise 2.5% m/m after +7% in August.
  • Home loans are published on Thursday and are projected to rise 1% m/m after +2.2%. The RBA’s credit measures are out on Tuesday.
  • The final October Judo Bank PMIs are released this week with manufacturing on Wednesday and composite/services on Friday.
  • On Thursday, trade data for September print and the surplus is forecast to be fairly steady.

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