A preview of next week’s Australian economic data, August 13 to 17:
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AUSTRALIAN BUREAU OF STATISTICS (ABS) LENDING FINANCE
Due: Monday
Period: June
Market forecast: No market forecast.
Last result: Australia’s total personal finance loans rose 0.4 per cent in May.
Seasonally adjusted personal finance commitments increased to $7.348 billion in May, up from $7.315 billion in April.
Total commercial loans in fell 12 per cent to $31.022 billion in the month, seasonally adjusted, from $35.244 billion in April.
Lease finance was up 3.2 per cent to $569 million, compared with $551 million in April.
Housing finance for owner occupation rose 0.2 per cent to $13.637 billion, from $13.610 billion the month before.
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ABS NEW MOTOR VEHICLE SALES
Due: Tuesday
Period: July
Market forecast: No market forecast.
Last result: Sales of new motor vehicles in Australia fell 0.6 per cent (seasonally adjusted) in June.
In June, 91,375 new vehicles were sold, seasonally adjusted, compared to a downwardly revised 91,920 in May, according to Australian Bureau of Statistics (ABS) data released on Tuesday.
In the year to June, new motor vehicle sales rose 18.4 per cent, seasonally adjusted.
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NATIONAL AUSTRALIA BANK (NAB) MONTHLY BUSINESS SURVEY
Due: Tuesday
Period: July
Market forecast: No market forecast.
Last result: The survey’s business confidence index dropped one point to negative three points in June.
While business conditions improved modestly over June across a variety of industries, the divergence between states became more pronounced in the month.
Mining conditions remained the strongest, but still below the heights reached earlier this year, while the construction industry was still reeling from the sudden downturn in May.
Employment conditions were also weak in June and the demand for credit by consumers also fell as people tightened their belts.
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RESERVE BANK OF AUSTRALIA (RBA) PAYMENTS POLICY DEPARTMENT PAYMENTS SYSTEM STABILITY SENIOR MANAGER MARK CHAMBERS TO TAKE PART IN A PANEL DISCUSSION AT THE RISK & RETURN AUSTRALIA CONFERENCE IN SYDNEY
Due: Tuesday
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ABS LABOUR PRICE INDEX
Due: Wednesday
Period: June quarter
Market forecast: 0.9 per cent rise in the quarter.
Last result: Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted 0.9 per cent in the March quarter.
The wage price index rose 3.6 per cent from a year earlier.
The median market forecast was for a rise of 0.8 per cent in the March quarter.
In the December quarter, the index was an unrevised 1.0 per cent.
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WESTPAC/MELBOURNE INSTITUTE SURVEY OF CONSUMER SENTIMENT
Due: Wednesday
Period: July
Market forecast: No market forecast.
Last result: Consumer optimism grew only slightly in June, despite another official interest rate cut, according to the survey.
The Westpac/Melbourne Institute Consumer Sentiment Index, rose by just 0.3 per cent to 95.6 index points in June.
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT (AOFM) TO ISSUE TREASURY BONDS
Due: Wednesday
A tender for the issue of $500 Million of the April 2023 bond line is planned.
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ABS AVERAGE WEEKLY TIME EARNINGS
Due: Thursday
Period: Three months to May.
Market forecast: 1.8 per cent rise.
Last result: Average weekly ordinary time earnings (AWOTE) for adult full-time employees rose 1.1 per cent in the three months to February.
The annual rate of growth was 4.4 per cent, seasonally-adjusted.
AWOTE for the private and public sectors was $1,346.00.
Private sector AWOTE was up 1.2 per cent in the quarter to $1,320.50, seasonally adjusted, for an annual rise of 4.6 per cent.
Public sector AWOTE was up 1.0 per cent to $1,440.30, seasonally adjusted, in the same period for an annual rise of 4.0 per cent.
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RBA ASSISTANT GOVERNOR (FINANCIAL MARKETS) DR GUY DEBELLE WILL TAKE PART IN A PANEL DISCUSSION AT THE DEEPER INSIGHTS SERIES FORUM, SYDNEY
Due: Thursday
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AOFM TO ISSUE TREASURY NOTES
Due: Thursday
A tender for the issue of $1 billion of Treasury Notes maturing on October 26 2012 is planned.
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RBA PAYMENTS SYSTEM BOARD MEETING
Due: Friday
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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY BONDS
Due: Friday
A tender for the issue of $500 million of the June 2016 bond line is planned.
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