Australia:
Mon: Home prices (Nov), Inventories & company profits (Q3), Job Ads (Nov), Inflation gauge
Tue: Building approvals (Oct), Balance of payments (Q3)
Wed: GDP (Q3)
Thu: International trade balance (Oct), Household spending indicator (Oct)
International
Mon: CN — Manufacturing PMI
Tue: US — ISM manufacturing (Nov)
EU — CPI (Nov), Unemployment (Oct)
Wed: US — ADP employment (weekly), Industrial production (Sep)
Thu: US — Jobless claims (weekly)
EU — Retail sales (Oct)
Fri: US — PCE inflation (Sep)
EU — GDP (Q3)
GDP is set to dominate the headlines this week with the ABS data expected to show that Australia’s economic recovery gained momentum across the third quarter.
The macro punditry forecasts (guesses?) a range of outcomes from a quarterly 0.5% expansion to 1.4%, with the consensus figure around 0.7% growth, or 2.2% over the…
