ONLY CHARTS #262
Aus rents & housing demand, US & Canada labour market, China CPI, Aus steel/aluminium exports to US
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1. The start of the slowing in CPI rents growth in Australia is occurring against a backdrop of falling relative demand for housing (proxied by population growth relative to the number of higher-density housing completions).
2. US labour market data for January out late on Friday showed a decline in the unemployment rate and pick-up in the employment-to-population ratio.
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