Earlier data from Australia: Australian Q4 inventories +0.3% q/q (vs. -0.1% expected)

The addition to inventory will add around 0.16% to Q4 GDP says Westpac (after taking into account Q3 revision)

Further on the report from WPAC, this snippet:

  • Wage incomes ... more robust than we anticipated
  • Our Q4 GDP forecast remains 0.5%qtr, 2.1%yr.

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There are further 'partial' indicators for GDP due Tuesday (0030GMT):

  • net exports
  • public demand

GDp data is Wednesday (0030GMT)