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The End of Financial Year (EOFY) may be approaching, but tier-1 economic data in Australia is scarce this week. The latest update on Aussie household finances will be keenly observed given the laser-like focus of the Reserve Bank and economists on the biggest driver of economic growth – household consumption.
In the US, economic growth and the US Federal Reserve’s preferred inflation measure, the core personal consumption expenditure deflator, are both issued. Chinese profits and manufacturing data are also released.

Published by Ryan Felsman, Senior Economist, CommSec