Australian May 2025 building permits +3.2% m/m
expected +4.8%, prior -5.7%
+6.5% y/y
prior +7.5%
The main focus is on the retail sales data and what they mean for an RBA rate cut next week:
Australian data – Retail Sales May 2025: +0.2% m/m (expected +0.4%)
This article was written by Eamonn Sheridan at www.forexlive.com.