As expected, some signal, some noise.

You probably don't want to be a bloke in this labour market. Not horrific at all, but trending in the wrong direction.

ONLY CHARTS #387 is out. Bumper. tinyurl.com/43a586e6

Mmm... PLT departures have been falling, leading to net PLT arrivals heading north.

Fascinating known-down-rebuild stats from the ABS. abs.gov.au/articles/appro…

ONLY CHARTS #388 is out. tinyurl.com/y84s4mdd

CPI housing disinflation in Australia is almost certainly over for now.

ONLY CHARTS #390 is out. tinyurl.com/2apjtpwp

ONLY CHARTS #391 is out. tinyurl.com/mwvdztv3

Off we go again (latest is August at monthly rate).

Our thoughts on the dovish RBNZ. tinyurl.com/27n4k46d

ONLY CHARTS #392 is out. tinyurl.com/2yb4w4v3

And we think Australia has a productivity problem in construction...

Pothole in Q2 in NZ.

Not all bad news on business investment in Australia. IP investment is mostly software, R&D and resource exploration.

ONLY CHARTS #393 is out. tinyurl.com/yc7d3xzw

FWIW

Do not underestimate how much this will factor into the RBA's thinking on the need for further policy easing. The Bank is acutely aware that Australians cannot help themselves when offered a perceived 'free' leg up to buy housing.

Ha ha. "...we leave our baseline forecasts unchanged"

ONLY CHARTS #395 is out. tinyurl.com/y6hxas7h