Australian September Household Spending +0.2% m/m . September building permits +12% m/m.

Separately, Australian September Household Spending +0.2% m/m

• expected +0.4%,prior +0.1%
• for the y/y +5.1% vs. +5.5% expected and +5% in August
• the improvement, while tiny, will be welcomed by the Reserve Bank of Australia

September building permits +12% m/m

• expected +5%, prior -6%

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Separately, Australia ANZ Job Advertisements -2.2% m/m in October, the fourth m/m drop in a row

• prior -3.5%

The RBA is of the opinion that the Australian labour market is still showing signs of tightness, but this won’t be welcomed.

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The Reserve Bank of Australia is meeting today and tomorrow, no rate cut is expected. More on this here:

• Australia private inflation indicator higher at 3.1% y/y in October (prior 3.0%)

This article was written by Eamonn Sheridan at investinglive.com.