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12 Mar 2014
Flash: Australian data ahead - Westpac
FXStreet (Bali) - As Sean Callow from Westpac notes, "with household spending in a clear up trend since Aug, the March Westpac-MI consumer sentiment survey (7.30GMT) will be worth noting for hints at the sustainability of this recovery."
Callow adds that "sentiment has fallen for three straight months, with Feb’s 100.2 reading well below the 105.3 average of the past 10 years."
"An hour later we see Jan housing finance approvals. The headline number does not include the (strong) investor segment so should remain fairly muted, flat m/m after -1.9% in Dec, but not altering the basic picture of a strong housing market" Callow said.
Callow adds that "sentiment has fallen for three straight months, with Feb’s 100.2 reading well below the 105.3 average of the past 10 years."
"An hour later we see Jan housing finance approvals. The headline number does not include the (strong) investor segment so should remain fairly muted, flat m/m after -1.9% in Dec, but not altering the basic picture of a strong housing market" Callow said.