Due at 0100GMT – Australia Housing Industry Association (HIA) New Home Sales for April % m/m: prior was +0.2%
The main event, though, follows at 0130GMT, with Australia’s Q1 new capex data:
- expected is -1.9% (this is from the Bloomberg survey of economists and I’ll monitor it to see if it is updated as we approach the release, its likely that economists have revised this expectation a little higher after yesterday’s Q1 construction work data release, here and more here)
- prior -5.2%
Also of importance in this data release (the RBA will be watching this part of the release very closely to look for further evidence of ‘transition’ in the economy from resource-extraction investment – i.e. mining construction investment – to other sectors) – estimate two of capex expectations for 2014-15
- consensus expectation is for A$127.8 bn (again, I’ll be looking ahead of the figures to see if this ‘expected’ has been revised higher)
- A$124.9 bn was the ‘prior’, in the Q4 survey
