Due at 2330GMT:
- AIG Performance of Services index for April, prior was 48.9
Due at 0030GMT, TD securities inflation data for April:
- For the m/m change, prior was +0.2%
- For the y/y, prior was +2.7%. We only get official inflation data in Australia once a quarter, so alternative measures of inflation like this TD Securities/Melbourne Institute (MI) Inflation Gauge are watched. Just over a weak ago we got a CPI result tamer than expected: Australia Q1 2014 CPI – all the results & what it means for the Australian dollar and more here (Australian CPI – analysts react)
Due at 0030GMT, and the most focus for Australian data today – Building approvals for March
- For the m/m, expected is 1.5%, prior was 5%
- For the y/y, expected is +31.0%, prior was +23.2%
February’s m/m data showed a fall but still an uptrend. This will be watched again today. The Reserve Bank of Australia (RBA) want to see sectors improve other than those related to resource-extraction (for example building construction) continue to expand as part of the ‘transition’ of the Australian economy.
Due also at 0030GMT:
- ANZ job advertisements data for April, prior was 1.4% m/m
