Economic data due from Australia and New Zealand today

Coming up from Australia and NZ today - GDP the focus

2330GMT - Australia - AiG services PMI for May, prior was 49.7

0100GMT - New Zealand - ANZ commodity price index for May, prior was -7.4%

0130GMT - Australia - Q1 GDP

OK, the GDP data ... yesterday we started to see revisions being made to expectations for this ... ANZ and Westpac, for example, both nudged their expectations higher (Australian banks revising up GDP forecasts). So, I'll have to check through the 'expected' figures as I suspect what is around currently may need to be revised a little higher. As it stands currently, though:

• expected is +0.7% q/q and +2.1% y/y
• prior was +0.5 and +2.5 respectively