AUD traders - heads up for data due Tuesday - Building Permits (June) preview

Author: Eamonn Sheridan | Category: News

It is a busy week coming up around the globe, with three central bank meetings:

From Australia we get data during the week:
  • Tuesday brings Building approvals
  • Thursday, trade balance (June)
  • Friday, retail sales (June and Q2)
 A preview of tomorrow release, this via ANZ:
  • We believe building approvals nudged higher in June. This is likely to be driven by a substantial increase in Queensland, after approvals in the state fell by nearly 30% in May. 
  • However, this doesn't change our view that approvals will continue to trend lower from here. 
  • Ongoing tightening in credit availability and weaker housing finance results suggest that building approvals are set for further weakness, regardless of some potential respite in June.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose