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Westpac Economic Update: 2nd August 2013

02 August 2013

Westpac Economist Elliot Clarke comments on this week's US housing data and GDP release, and what trends within both say about economic growth prospects in the US. He also summarises outcomes from the ECB and Bank of England meetings, as well as PMI data out of Asia. Domestically we had dwelling approvals, private credit and housing price data released. Looking to next week, there's the all important retail sales and labour force figures, as well as the monthly RBA meeting.