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Analysts at TD Securities note that Australia’s house prices eased by another -0.6%/m for July and -2.6%/y, so the soft landing theme rolls on, in the major capital cities in particular.

Key Quotes

“Manufacturing PMI eased from 57.4 to 52 in July, led lower by new orders and production, but noteworthy that capuse and average wages net balance both rose in the month.”