Preview of next week's economic data
Market watch top headlines
Australian reports
- Aust markets: Aust shares open marginally weaker
- Aust dollar report: $A in retreat after overnight gains
- Aust credit close: Aust bonds weaker in volatile trade
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
SYDNEY, Jan 18 AAP
January 18 2013, 4:05PM
A preview of next week's Australian economic data, January 21 to January 25:
AUSTRALIAN BUREAU OF STATISTICS CONSUMER PRICES INDEX (CPI)
Due: Wednesday
Period: December quarter
Market forecast: Headline CPI to rise 0.4 per cent and underlying inflation to be 0.65 per cent in the three months to December.
Last Result: The price of Australian consumer goods and services rose 2.0 per cent in the year to September, a faster rise than economists had expected.
The consumer price index (CPI), a key measure of inflation, rose 1.4 per cent in the September quarter, after rising by 0.5 per cent in the June quarter.
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WESTPAC-MELBOURNE INSTITUTE LEADING INDEXES OF ECONOMIC ACTIVITY
Due: Wednesday
Period: November
Market forecast: No market forecast
Last Result: Australia's economic growth is likely to slow in the near future, an industry study predicts.
The Westpac-Melbourne Institute leading index of economic activity has reported a fall in the annualised growth rate to 2.9 per cent in October, from 4.1 per cent in September.
The figure is fairly close to the index' long-term trend of 2.7 per cent.
The index tracks growth in the Australian economy three to nine months into the future.
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COMMONWEALTH BANK BUSINESS SALES INDICATOR
Due: Wednesday
Period: December
Market forecast: No market forecast
Last Result: According to the Commonwealth Bank's Business Sales Indicator, economy-wide spending rose 2.2 per cent in November, following a one per cent fall in October.
CBA executive general manager, local business banking, Adam Bennett said the increase in spending was good news for businesses hoping for a pre-Christmas boost after a tough year for many traders.
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY NOTES
Due: Thursday
A tender is planned for the issue of $1 billion of treasury notes maturing on April 12 2013 and $1 billion of treasury notes maturing on May 24 2013.
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