Economic Insights

Economics | September 17 2015

Week Ahead
Current

Last Week

Last month

Last year

September 17

September 10

August 17

September 17 2014

Cash Rate (%)

2.00

2.00

2.00

2.50

90 day bills (%)

2.18

2.19

2.4

2.64

10 year bonds (%)

2.88

2.72

2.79

3.65

AUD/USD

0.7187

0.7014

0.7397

0.9069

Gold ( US$/ounce)*

1119.00

1109.30

1118.40

1235.90

56.00

58.50

56.00

84.20

Iron Ore ( US$/tonne)*

Oil ( US$/barrel)*

47.15

45.92

41.87

94.42

All Ordinaries

5171.2

5117.0

5368.6

5411.4

*September 16 close

Australia
Date

Consensus

Last release

Monday September 21

CommBank business sales index (August)

Event

Tuesday September 22

Weekly consumer sentiment

105.3

Tuesday September 22

Home price indexes (annual %, June quarter)

+6.9%

Thursday September 24

Population data (annual %, March)

1.42%

Thursday September 24

Finance and wealth (June quarter)

International
Date

Consensus

Last release

Monday September 21

US Existing home sales (August)

Event

5.51m

5.59m

Tuesday September 22

US Home prices (annual %, July)

5.6%

Tuesday September 22

US Richmond Fed index (composite, September)

Wednesday September 23

Flash manufacturing gauges

Thursday September 24

US Durable goods orders (August)

-1.8%

+2.2%

Thursday September 24

US New home sales (August)

515,000

507,000

Thursday September 24

US Federal Reserve chair speech

Friday September 25

US Consumer sentiment (September)

85.7

Friday September 25

US Economic growth (annual %, June quarter)

3.7%

3.7%

A quiet week lies ahead in Australia with few standouts. But the latest resources forecasts from the Office of the
Chief Economist are due by the end of the month together with the final Budget figures for 2014/15.

In Australia, the week kicks off on Monday with the latest CommBank Business Sales index a measure of
economy-wide spending.

The focus is on US housing data over the week while the results of the Greek election will filter through on
Monday.

In the US, the week kicks off on Monday with data on existing home sales. Economists expect that home sales
eased by around 1.5 per cent in the month.

Craig James, Chief Economist (Author)

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