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ARI, OGC, AQG, RCT, SYD,

SYDNEY, Dec 28 AAP

December 28 2012, 2:10PM

A preview of next week's Australian economic data, December 31 to January 5:

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RESERVE BANK OF AUSTRALIA INDEX OF COMMODITY PRICES

Due: Wednesday

Period: December

Market forecast: No market forecast

Last result: Australia's export commodity prices rose slightly in November but are still well below their mid-2011 peak.

The RBA's index of commodity prices in November was 1.7 per cent higher in foreign currency terms compared with October, when it hit a two-year low.

Despite the small bounce in November, the index was still down by 18.3 per cent from its peak in July last year.

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The AUSTRALIAN INDUSTRY GROUP PERFORMANCE OF MANUFACTURING (PMI) INDEX

Due: Wednesday

Period: December

Market forecast: No market forecast

Last result: Australia's manufacturing sector contracted for the ninth month in a row in November, with weakness in both production and new orders.

The Australian Industry Group performance of manufacturing index dropped 1.6 points to 43.6 in the month, staying below 50, which indicates a fall in activity for the sector.

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AUSTRALIAN INDUSTRY GROUP/COMMONWEALTH BANK PERFORMANCE OF SERVICES INDEX (PSI)

Due: Friday

Period: December

Market forecast: No market forecast

Last result: Shop owners had some good news ahead of Christmas, with data showing the retail services sector expanding for the first time in 12 months.

The Australian Industry Group - Commonwealth Bank Australian Performance of Services Index improved in November, rising 4.3 points to 47.1 points.

The index stayed below 50 showing the overall services sector contracted in November but at a slower pace.

The sub-index for retail services rose 13.6 points to 55.2, the first time that sector had been over 50.

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