Data from the Reserve Bank of Australia

+0.3 % m/m... miss

  • expected 0.5% m/m, prior 0.5%

+5.4 % y/y ... miss

  • expected 5.6% y/y, prior 5.4%, revised from 5.5%

Housing credit

0.5 % m/m

  • prior +0.5% m/m

6.6 % y/y

  • prior +6.6%

Business credit

0.1 % m/m

  • prior +0.5% m/m

and 4.3 % y/y

  • prior 4.5%

--

A miss on the headline.

The breakdown (housing credit unchanged, business credit a big fall on the month) won't be encouraging for the Reserve Bank of Australia.

--

Next up - due at 0100 GMT, though they sometimes do hit earlier ....

China - Official manufacturing and non-manufacturing PMIs today - previews