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Australian capacity use dipped slightly in December but remains above average, with inflation data looming.
According to NAB's monthly business survey, capacity utilization for Australian businesses decreased slightly in December, falling to 83.2%, down 0.3 percentage points from November.
Five out of eight industries are still operating above historical norms, indicating continued production pressure, and the level is still above the long-term average despite the decline.
Regardless of the slight slowdown in capacity use, the Reserve Bank of Australia is anticipated to concentrate on the inflation data that is due on Wednesday.
If price pressures stay high, this could still lead to a rate hike.
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El uso de la capacidad en Australia disminuyó ligeramente en diciembre, pero se mantiene por encima de la media, con los datos de inflación que se avecinan.