Australia – March Home loans: -0.9% m/m
- expected +1.0%
- prior was +2.3%
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Investment lending: +1.7% m/m -0.8% m/m (corrected, wires carrying wrong data initially … reporting the house price index change here instead of the correct number)
- prior was +4.4%
Owner-occupied loan value: -1.2% m/m
- prior was +1.8%, revised from+1.9%
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Also, quarterly House Price Index for Q1 2014 released at the same time:
For the q/q change, 1.7%
- expected +3.0%, prior was +3.8 (revised higher) %
For the y/y, +10.9%
- expected is 10.4%, prior was +9.8% (revised higher)
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Graphs from the Australian Bureau of Statistics:
The trend appears to be flattening out.
Later this evening (local Sydney time) we get the Australian Federal budget, which is the key focus for the Aussie markets today. Preview is here: What time is the Australian budget on Tuesday? A preview of what to look for & how it will impact on the $A
The AUD has barely registered this release, more or less unchanged. Down a very few tics.
