Preview of next week's economic data
Market watch top headlines
Australian reports
- Aust markets: Aust shares rise ahead of US Fed meeting
- Aust dollar report: Dollar recovers as traders look to US
- 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 22 AAP
February 22 2013, 6:12PM
A preview of next week's Australian economic data, February 25 to March 1:
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RBA ASSISTANT GOVERNOR (FINANCIAL MARKETS) GUY DEBELLE SPEAKS AT UNI BREAKFAST, UNIVERSITY OF ADELAIDE BUSINESS SCHOOL
Due: Tuesday
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AUSTRALIAN BUREAU OF STATISTICS CONSTRUCTION WORK DONE
Due: Wednesday
Period: December quarter
Market forecast: A rise of 1.5 per cent is expected for the quarter.
Last result: Total construction work done in Australia rose 1.7 per cent in the September quarter, according to official data.
The median forecast among economists was for total construction work done to have risen 2.0 per cent in the September quarter.
Over the year to the September quarter, the volume of construction work done was up by 6.0 per cent, the Australian Bureau of Statistics (ABS) said on Wednesday.
The ABS said total building work done in the September quarter, including homes and non-residential buildings such as offices and shops, fell by 1.6 per cent from the June quarter.
Engineering work done, which includes mines, roads, bridges and the like, was up by 3.8.x per cent in the quarter.
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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 2027 bond line is planned.
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ABS PRIVATE NEW CAPITAL EXPENDITURE AND EXPECTED EXPENDITURE
Due: Thursday
Period: December quarter
Market forecast: A rise of 1.0 per cent is expected for the quarter.?
Last result: New private capital expenditure rose 2.8 per cent in real (inflation adjusted) terms, seasonally adjusted, in the September quarter, the Australian Bureau of Statistics (ABS) said on Thursday.
The median market forecast was for a rise of 2.0 per cent for the September quarter.
The fourth estimate of expenditure for 2012/13 is $173.350 billion, not adjusted for inflation, which is 3.3 per cent lower than the third estimate for 2012/13.
It is 4.9 per cent higher than the fourth estimate for 2011/12.
Estimates are gathered in a series of seven quarterly surveys, the first in January and February before the start of the financial year in July, and the seventh immediately after the financial year ends.
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HOUSING INDUSTRY ASSOCIATION NEW HOME SALES
Due: Thursday
Period: January
Market forecast: No market forecast.
Last result: New home sales posted their largest three-month percentage gain in nearly four years, further adding to expectations of a modest recovery in the housing sector.
The Housing Industry Association figures showed an increase of 13.3 per cent over October, November and December - this was the biggest increase in a three-month period since a rise of 21.1 per cent over January, February and March 2009.
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY NOTES
Due: Thursday
A tender for the issue of $1 billion of Treasury notes maturing on 7 June 2013.
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THE AUSTRALIAN INDUSTRY GROUP PERFORMANCE OF MANUFACTURING (PMI) INDEX
Due: Friday
Period: February
Market forecast: No market forecast.
Last result: Australia's manufacturing sector contracted for the 11th straight month in January, marking a weak start to 2013.
The Australian Industry Group performance of manufacturing index (PMI) dropped 4.1 points to 40.2 in January.
An index level of below 50 indicates a contraction in activity.
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RBA INDEX OF COMMODITY PRICES
Due: Friday
Period: February
Market forecast: No market forecast.
Last result: Australia's export commodity prices posted their third consecutive monthly rise in January, taking the gain since the two-year low in October, to 7.6 per cent.
The latest monthly rise was driven by higher iron ore prices.
Even after the run of three monthly gains, the index was still 14.8 per cent below the peak of July 2011 but still more than three times its level of late 2003 when the commodity price boom was about to begin.
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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 June 2016 bond line is planned.
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