ASX earnings deluge, monthly inflation data: The week ahead in macro
Local data flow will be scrutinised closely in the wake of US Fed chair's Jerome Powell's all but confirmation of rate cuts next month. It's also another heavy week for ASX earnings.
After US Federal Reserve chair Jerome Powell’ on Friday declared the "time has come" for interest rate cuts, all but sealing easing in September, investors and policymakers will be watching local data flow closely to try and determined how long it is before the Reserve Bank of Australia follows suit.
Here’s what you need to know about the key economic data releases this week.
New numbers
The data: Counts of Australian Businesses, including Entries and Exits, July 2020 to June 2024
When: Tuesday 27 August 2024
What to expect: The first cab off the rank will give a clearer picture of how businesses are managing in the current economy. The business survival rate data set is updated annually, and there was a 2% net increase in 2022-2023 in the number of actively trading businesses to 2,589,873, with 406,365 new businesses and 356,216 exits.
