Monday - 22nd Feb 2010
Vehicle Sales - New motor vehicle sales were down in the month of January and marginally below market expectations at -3.4%. On the positive side, vehicle sales were up Year on Year compared to 2008 when we were in the midst of an economic turn down and expectations were lower.
Tuesday - 23rd Feb 2010
US Consumer Confidence - the index shocked the market. It came in at its worst levels in 10 months.
Wednesday - 24th Feb 2010
Wage Cost Index - This is a meausre of total hourly rates of pay, and was softer than expected quarter on quarter at 0.6% (expectations were for a 0.8% increase). Wage inflation also eased further below the RBA's target levels.
Thursday - 25th Feb 2010
CAPEX data - Private Business Capital Expenditure was much stronger than expected for the December Quarter. The biggest area for growth was in equipment which is still benefiting from tax incentives.
Saturday, February 27, 2010
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