Yesterday we got the Aussie June employment report, and today its …
Australian housing finance for May, due at 0130GMT
- Home loans m/m, expected is -0.5%, prior was 0.0%
- Investment lending m/m, prior was +2.3%
- Owner-occupied loan value m/m, prior was +1.4%
Some of the data flow has turned a little more positive on activity in the construction sector recently:
- Australia – AIG Performance of Construction index for June up 5.1 points and into ‘expansion’
- Construction sector posted the highest level of confidence for the second month – upturn in residential activity
Suggests to me the result today could surprise to the topside, if its going to surprise (and of course if comes in lower then I’ll be ‘surprised’!)
