Due at 0030 GMT on Friday 19 February 2021

  • expected +2.0% m/m
  • prior -4.1%

The m/m drop in December has hidden a solid rise on the year, +9.4% y/y, which followed the +7.1% y/y for November. Tomorrows data for the m/m will once again be impacted by disruption in some Australian cities in January (short duration lockdowns in Brisbane & Perth).

Also coming up from Australia tomorrow are preliminary Markit PMIs for February:

  • Manufacturing. prior 57.2
  • Services, prior 55.6
  • Composite, prior 55.9
  • Due at 2200GMT (on the 18th February, 9am Sydney time on the 19th).