Australia: Economic data as expected - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS note that Australia’s home loans for Jan was virtually on expectations at -1.1% (mkt -1.0%).

Key Quotes

“NAB Business Conditions for Feb at +21 (from +18), a record high, and consistent with the RBA's upbeat outlook. Business confidence eases a touch to +9 (from +11). NAB reported that the employment sub component of the business conditions survey hit a record high to +16. If sustained it suggests monthly jobs growth of +27k (but this is below the monthly average for the last yr). Retail is underperforming most sectors, but it recorded its highest reading in 8 months in the survey. Business conditions are strong across all states.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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