Coming up from Australia on Tuesday 8 January 2018, due at 0030 GMT, building approvals data for Nov.

  • The Bloomberg survey median is -1.0% m/m and +5.0% y/y
  • October (the prior) was +0.9% and +18.4% respectively

A couple of very brief snippets ...

  • RBC's outlook is for an on consensus result at -1.0% m/m

TD, on the other hand:

  • We maintain our out of consensus view for building approvals to rise
  • Reflecting the explosion in new housing finance between March and July
  • TD are at +2.0% m/m for November

I'll have more on this data as a preview still to come on a separate post