April 18, 2016

Australian Markets Weekly – NAB survey and employment data suggest little pressure for near-term RBA rate cut

The latest NAB business survey and labour market data accord well with the RBA’s policy stance – low inflation provides ample scope to ease monetary policy further should that be necessary to support the economy, though activity and labour market data do not suggest that such a move is necessary

Highlights:

  • The latest NAB business survey and labour market data accord well with the RBA’s policy stance – low inflation provides ample scope to ease monetary policy further should that be necessary to support the economy, though activity and labour market data do not suggest that such a move is necessary.
  • Capacity utilization leads both interest rates and unemployment by around six months and suggests the unemployment rate should continue to fall.
  • A quiet week on the Australian events front, with the RBA Minutes (Tues 11.30am) and a speech by the RBA Governor on Tuesday night in NY (11.30pm Australian time) the key events. NAB also releases its latest Residential Property Survey and Quarterly Business Survey – the latter provides more information on capital expenditure plans.

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For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets

Disclaimer

NAB Consumer Sentiment Survey Q1 2025NAB Consumer Sentiment Survey Q1 2025

NAB Consumer Sentiment Survey Q1 2025

17 April 2025

The NAB Consumer Stress Index rose in the March quarter. High living costs continue to drive spending behaviours, with shoppers looking for ways to save money.

NAB Consumer Sentiment Survey Q1 2025NAB Consumer Sentiment Survey Q1 2025

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