Due from Australia today, at 0030GMT, the normally closely watched 'Construction Work Done'
Today its for Q3 2015
- expected is -2.0%, prior was +1.6%
I say 'normally closely watched', referring to the short-term focused traders (yeah, I'm looking in the mirror). But ... prospects of any RBA move in December are basically nil, and after that it's a wait until February. So while the data today is an indicator to next week's GDP figure and are thus a focus, we (I) won't be hyperventilating over them :-D.
The dip in the expected result is due to contraction of resource-extraction (mining) construction work. Residential construction is expected to be a strong positive contributor.
