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Aus jobs unlikely to be far from trend of revised data - RBS

FXStreet (Bali) - According to RBS, Australian labour market data revisions earlier this week suggest that upcoming jobs is unlikely to be far from the trend of the revised data.

Key Quotes

On the data front, the main releases are Australian employment data for October and UK September industrial and manufacturing production numbers."

"In Australia, labour market data revisions earlier this week suggest that the upcoming data is unlikely to be far from the trend of the revised data (otherwise they are unlikely to have so confidently released the newly seasonally adjusted data). This suggests that jobs growth should be slightly positive and the unemployment rate will probably be the same at 6.2%."

"In the UK, the risks to manufacturing production may be to the downside, given clearer evidence of cooling global activity and the deterioration in the survey data."

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