Building permits
+0.4% m/m ...MISS
- expected 1.0% m/m, prior -1.7%
-15.5% y/y ... BEAT!
- expected -17.2% y/y, prior -13.9%
Those results are the seasonally adjusted, which is what the market focuses on as 'headline'.
Australian Bureau of Statistics likes 'trend' results:
- rose 1.1% in trend terms
- Up for 7 months
"The August 2017 data showed that the number of dwellings approved is now 6.5 per cent lower than in the same month last year, in trend terms."
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ANZ Job ads out at the same time:
- Unchanged m/m for September, August was +2%
- 0% m/m in September after 6 months of consecutive rises
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Net for the AUD is ... well, not much at all. Down a few tics. The focus for the day is, of course, on the Reserve Bank of Australia due at 0330GMT:
