General expectations were for a 5.2% YoY increase this month after 5.4% last month. The AUD has only dropped back 10 pips which is somewhat surprising given that the market had expected a more risk-friendly lower number. I would normally expect a slightly deeper dip which is probably symptomatic of AUD sentiment.
Industrial output has risen 13.4% YoY which is still a strong performance and may be influencing traders.
