Here is what NAB is watching for in the Australian data due today

Due at 0030 GMT, National Australia Bank quarterly business survey results for Q4 2017

NAB does not give too much away on the heads up to the data:

• we'll be watching planned capex, which leads business investment

And pop in this graph:

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The quarterly survey differs to the monthly survey; says NAB:

• The quarterly NAB Business Survey gives a more in-depth probe into the conditions facing Australian business than the monthly survey, and also provides extra information about how firms perceive the outlook for their respective industries.

And:

• The quarterly survey has a bigger sample than the monthly, and has additional metrics such as expected capital expenditure (12m ahead) and expected employment (12m ahead). Both are good sources of information for the intentions of businesses to invest in capital and labour.