Brief summary comments from Deutsche Bank on the important Australian economic data due this week:

The highlight in the week ahead will be the March labour force figures, due Thursday:

  • With our monthly labour market tracker continuing to point to modestly positive employment growth, we look for a 20k gain in employment, and for the unemployment rate to remain unchanged at 6.3%

We suspect the NAB business conditions index for March, due Tuesday, will also be a focus in the week ahead

  • especially given that the RBA noted in its April post-meeting statement that lending to businesses had been strengthening recently

The Westpac-Melbourne Institute consumer sentiment index for April is due Wednesday

  • providing an early gauge of the impact on sentiment from the RBA's decision to leave the cash rate unchanged (the survey period covers Monday 6 to Saturday 11 April)
  • We also note that the weeklyRoy Morgan survey has softened a little in recent weeks