Coming up from Australia and NZ today

2200GMT - New Zealand - ANZ Job Advertisments for March, prior +0.9%

2245GMT - New Zealand - Net Migration for March

0100GMT - New Zealand - ANZ Consumer Confidence for April, prior a -1.4% to 118.0

0130GMT - Australia - NAB Q1 Business Confidence and Conditions, priors 4 and 9 respectively

Also at 0130GMT - RBA transactions data for March

0300GMT - New Zealand - Credit card spending for March, m/m prior -0.4%, y/y prior +7.3%

It's the NAB business confidence and conditions release that will be the focus of this lot. Although we get monthly data for these from the National Australia Bank the quarterly survey is a different one, more detail, more respondents:

  • Larger sample size
  • Questions on expected capital expenditure and employment intentions

The monthly data has been very encouraging., the most recent conditoons index is at an 8 year high.