Australia: Investment expectations net balance highest since early 2008 - TDS

Australia’s quarterly NAB survey reveals an investment expectations net balance (good correlation with non-mining investment) and at +29 is the highest net balance since early 2008, notes the research team at NAB.

Key Quotes

“The RBA are already taking note of this and expect more upbeat noises about public and private non-mining investment in tomorrow's SoMP. Finally, the RBA's semi-annual monetary policy testimony has been scheduled. Breaking the silence since last August, the testimony scheduled for Friday, 16 February.”