The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off.
Australia job advertisements dipped 0.1% m/m in September. Despite being down that’s not too bad a result given the strong growth in August.
- for the y/y -8.2%
Job ads are 50% higher than pre-covid levels
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The focus for Australia for the session is the Reserve Bank of Australia policy decision due at 2.30pm local time, which is 0330 GMT and 11.30pm US Eastern time.
(spoiler – on hold expected)