Market WATCh Weekly 2 October 2020

Market WATCh Weekly 2 October 2020

October 2, 2020

In Australia, dwelling approvals fell in August, though this reflected largely weakness in high-rise activity in New South Wales. Job vacancies bounced back in Q3, and are now higher than pre-COVID-19 levels outside of the most populous states. The final retail trade report confirmed a retreat in August amid the Melbourne lockdown. Offshore, the PMI reports confirmed an ongoing recovery in China. In the US, in spite of the ongoing recovery, employment and personal spending levels remain subdued amid the reduction in fiscal support at the end of July.

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