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Events that marked the week:

There were no data releases from Australia initially in the week, but from China PMI figures were released.  China reported that its official manufacturing Purchasing Managers' Index hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, lower than a Reuters' poll of 51.2, China's National Bureau of Statistics reported. The official manufacturing PMI reading was 51.3 in January. Chinese statistics bureau official Zhao Qinghe said in a report that manufacturing in February was hit by slowing production and demand as Lunar New Year fell in mid-February this year. Official services PMI meanwhile fell to 54.4 in February from 55.3 in January.

Thursday brought Private Capital Expenditure figures. The trend volume estimate for total new capital expenditure rose by 0.8% in the December quarter 2017 while the seasonally adjusted estimate fell by 0.2%. The trend volume estimate for buildings and structures fell by 0.2% in the December quarter 2017 while the seasonally adjusted estimate fell by 2.1%. The trend volume estimate for equipment, plant and machinery rose by 2.1% in the December quarter 2017 while the seasonally adjusted estimate rose by 2.2%.

 

This week markets will be looking at:

 

Building Approvals (Monday 1:30)

Current Account (Tuesday 1:30)

Retail Sales (Tuesday 1:30)

Cash Rate/RBA Rate Statement (Tuesday 4:30)

GDP (Wednesday 1:30)

Trade Balance (Thursday 1:30)

China CPI/PPI (Friday 2:30)

Last modified on Saturday, 03 March 2018

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