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3 Jun 2015
RBA positive despite data negativity - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted RBA's optimism around data despite an analyses of weak performances in the economy.
Key Quotes:
"Australia’s data pulse (% of data stronger than the previous release in a rolling 8 week window) has slumped from 57% midApril to just 36.5% last week."
"Despite the loss of momentum, the RBA put a positive spin on recent data in its May and June statements. It was particularly encouraged by trends in the job market and household spending."
Key Quotes:
"Australia’s data pulse (% of data stronger than the previous release in a rolling 8 week window) has slumped from 57% midApril to just 36.5% last week."
"Despite the loss of momentum, the RBA put a positive spin on recent data in its May and June statements. It was particularly encouraged by trends in the job market and household spending."