Preview of next week's economic data
Market watch top headlines
Australian reports
- Aust markets: Australian market set to open lower
- Aust dollar report: $A falls below 93 US cents, 33-month low
- Aust credit close: Aust bonds weaken ahead of US Fed meeting
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
SYDNEY, Feb 15 AAP
February 15 2013, 5:56PM
A preview of next week's Australian economic data, February 18 to February 22:
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AUSTRALIAN BUREAU OF STATISTICS (ABS) NEW MOTOR VEHICLE SALES
Due: Monday
Period: January
Market forecast: No market forecast for this series.
Last result: Sales of new motor vehicles, seasonally adjusted, rose 2.2 per cent to 98,264 in December, from an upwardly revised 96,159 in November.
In the year to December, new motor vehicle sales rose 17.9 per cent to 98,264, seasonally adjusted, from 83,367.
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MINUTES OF RESERVE BANK OF AUSTRALIA MONTHLY BOARD MEETING
Due: Tuesday
Period: February
Last result: The RBA left the cash rate at three per cent at its February meeting after lowering it by 25bp in December.
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ABS INTERNATIONAL MERCHANDISE IMPORTS
Due: Tuesday
Period: January
Market forecast: No market forecast for this series.
Last result: Imports of goods fell eight per cent, or $1.651 billion, in December to $20.206 billion, seasonally adjusted.
Unadjusted, imports of goods fell 18 per cent, or $4.146 billion.
Intermediate and other merchandise goods fell $373 million - or four per cent.
Consumption goods were down $91 million (two per cent), and capital goods fell $1.197 billion (19 per cent), while non-monetary gold rose $11 million (3 per cent).
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ABS WAGE PRICE INDEX
Due: Wednesday
Period: December quarter
Market forecast: A rise of 0.8 per cent quarter on quarter.
Last result: Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted 0.7 per cent in the September quarter, official figures show.
The wage price index rose 3.7 per cent from a year earlier, the Australian Bureau of Statistics (ABS) said on Wednesday.
The median market forecast was for a rise of 0.8 per cent in the September quarter.
In the June quarter, the index rose an unrevised 1.0 per cent.
The index measures movement in underlying wages by calculating the change in wage and salary cost across a range of occupations.
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WESTPAC-MELBOURNE INSTITUTE LEADING INDEXES OF ECONOMIC ACTIVITY
Due: Wednesday
Period:
Market forecast: No market forecast.
Last result: Growth in the Australian economy looks set to improve in the coming months, a study shows.
The Westpac-Melbourne Institute Leading Index - which indicates the likely pace of economic activity three to nine months into the future - rose to 3.9 per cent in November, from 3.1 per cent the previous month.
This places it above the long-term average of 2.8 per cent.
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY BONDS
Due: Wednesday
A tender for the issue of $600 million of the April 2024 bond line is planned.
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ABS AVERAGE WEEKLY ORDINARY TIME EARNINGS (AWOTE)
Due: Thursday
Period: The six months to November.
Market forecast: No market forecast for this series.
Last result: Average weekly ordinary time earnings (AWOTE) for adult full-time employees rose 0.4 per cent in the three months to May.
The ABS' quarterly survey, released on Thursday, showed AWOTE for the private and public sectors combined was $1,351.20 for the quarter. Wages grew a seasonally adjusted 3.4 per cent in the year to May.
Private sector AWOTE was up 0.3 per cent in the quarter at $1,324.10, seasonally adjusted, for an annual rise of 3.4 per cent.
Public sector AWOTE rose 0.7 per cent to $1,450.50, seasonally adjusted, in the same period for an annual rise of 3.5 per cent.
The data was the last quarterly AWOTE release from the ABS. It is now being released twice a year.
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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 on May 24, 2013.
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RESERVE BANK OF AUSTRALIA GOVERNOR GLENN STEVENS TO APPEAR BEFORE THE HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS
Due: Friday
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY BONDS
Due: Friday
A tender for the issue of $600 million of the January 2018 bond line is planned.
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