Australia’s September Housing Finance data is due today at 0030 GMT. Housing finance for September is expected to rise 3.5% m/m, -3.9%in August Also for release is the break-down into: Investment lending, prior was flat at 0.0% change in August … Continue reading
We had the manufacturing PMI back on November 1, up 1.5 points to 53.2: On November 5 we got the services PMI, still in contraction but an improvement over September to 47.9: And today we got the construction PMI, to … Continue reading
This is big, big jump, well into expansion territory +6.8 points The index now at its highest since April 2011 Another positive sign of ‘transition’ in the Australian economy AUD/USD is a tiny bit weaker on the release Preview here, … Continue reading
Australian Industry Group (AIG) Performance of Construction index (construction PMI) is due at 2230GMT. Prior was 47.6, the highest in over 3 years. Graph of past results: We’ve already seen the manufacturing and services PMIs from AIG, both coming in … Continue reading
Highest level for the index since March 2013, but still in contraction (i.e. below 50 … where its been since January 2012 … and its longest run of contraction since the index was begun in 2003) Improvements this month in … Continue reading
Prior was 47.1 Another rise for this PMI, up 0.8 of a point, but still in contraction
Preview is here (with link to graph showing improving trend) Updated graph (includes today’s data):
At 0000GMT we get HIA New Home Sales for September m/m, prior was +3.4%. The trend in the data appears higher.
ANZ CEO Michael Smith on the newswires, says better business confidence yet to boost lending. This isn’t good news – the RBA would like to see confidence leading to increased business and investment lending in order to hurry along the ‘transition’ … Continue reading
Up 3.9 points on August to 47.6 in September Its highest level in almost 3½ years Housing and apartment sectors driving the improved performance Hiring, though, fell An improvement, but the industry still contracting.