0030GMT - TD Securities/Melbourne Institute (MI) Inflation Gauge for August,
- prior was 0.2% m/m and 1.6% y/y.
- The 'trimmed mean' for July was +0.1% m/m & +1.5% y/y
Inflation on this measure is not a concern for the RBA
0100GMT - Housing Industry Association (HIA) New Home Sales for July
- prior was 0.5% m/m
We get Q2 GDP later this week (Wednesday)
0130GMT - Q2 Company Operating Profits and Inventory data
For profits (which have been drifting lower since 2014 ... that run in the data is expected to continue today. Mining industry has been hit hard by the fall in commodity prices, and the broader economy hasn't fared much better)
- expected is -1.8%, prior was +0.2%
For inventories
- expected is 0.2%, prior was 0.4%
Also at 0130GMT, July private sector credit (housing credit has been strong, not surprisingly given the (ongoing) Sydney/Melbourne boom and dropping interest rates)
- m/m expected is 0.5%, prior was 0.4%
- y/y expected is 5.9%, prior was 5.9%
