Australian May 2025 building permits +3.2% m/m (expected +4.8%)

Australian May 2025 building permits +3.2% m/m

• expected +4.8%, prior -5.7%

+6.5% y/y

• prior +7.5%

The main focus is on the retail sales data and what they mean for an RBA rate cut next week:

• Australian data - Retail Sales May 2025: +0.2% m/m (expected +0.4%)