This is interesting and conflicting results...
What a seesaw taking place in the building market. Pity they don't report on number of builders going bankrupt since last week... It doesn't provide much incentive to start building a house at present. Eventually the banks will be the ones who are holding the bag and dealing with the half completed buildings being taken back. That isn't going to provide an easy exit from those deals for them.
@Load as you say the interesting one is about to hit around 2:30...
What can be think about before this number comes out...
A recent inflation measure increasing in August...
For July we had a reasonable number
Cause of inflation this time around...
Since July the price of oil has risen around $20 a barrel for a rise of about 28.5%. That is very likely to be flowing through to the CPI numbers for the next month. Retail sales were up last two reporting months.
Business inventories have been declining and therefore any new items to restock those levels are going to be at the present prices (which are higher due to the input costs increasing).
I think there is a low to mid chance that the RBA might increase in this round. There is still room for this to occur now before retail starts to increase spending. One more hike will seal the deal for slowing the inflation 'monster'..![]()
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