There is a big week of data points coming up in Australia starting tomorrow:

Wednesday 30 August 2017

  • Building approvals, July
  • Construction work done, Q2

Thursday 31 August 2017

  • Private capital expenditure, Q2

Tuesday September 5 2017

  • Reserve Bank of Australia monetary policy September meeting announcement

Wednesday 6 September 2017 (this is technically further out than one week I'll admit)

  • Q2 GDP

For tomorrow, previews via ANZ (bolding mine):

Building approvals, July

We think residential building approvals fell 5.6% m/m in July. Most of this decline is expected to be in New South Wales, with last month's spike in approvals expected to be only temporary. While we are likely to see ongoing volatility in the monthly data, it appears that we are getting closer to the end of the downturn in approvals.

Construction work done, Q2

We think total construction activity will post another small increase in Q2. This is likely to be driven by strength in the public sector, with engineering work, especially on the roads, accelerating. On the other hand, privately funded work is set to decline further, as positive results in housing construction and non-residential building (especially offices and tourism-related) are unable to offset the ongoing weakness in the mining sector. There is some upside risk to this number if housing constructions rebounds more than expected from a very weak Q1 result.

'Construction work' feeds into the GDP out the following week.