AdviserVoiceMining states propel growth to a five year high https://www.adviservoice.com.au/2012/06/mining-states-propel-growth-to-a-five-year-high/ Financial planner information & financial planner education/CPD - AdviserVoice Thu, 23 Jul 2026 20:30:20 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 Mining states propel growth to a five year high https://www.adviservoice.com.au/2012/06/mining-states-propel-growth-to-a-five-year-high/ https://www.adviservoice.com.au/2012/06/mining-states-propel-growth-to-a-five-year-high/#respond Wed, 06 Jun 2012 22:15:57 +0000 https://adviservoice.com.au/?p=14900 Just three of the 19 industry sectors contracted in the March quarter. Modest contributions to growth came from mining, financial &insurance services and professional & scientific services, while the manufacturing sector detracted 0.1 percentage points from economic growth.

The economic growth data is backward-looking. But more recent figures have generally remained soft. We believe the Reserve Bank should cut rates again, especially given the downside risks to global growth and are pencilling in a move in August.

To read CommSec’s report, click here.

7 June 2012

]]> Just three of the 19 industry sectors contracted in the March quarter. Modest contributions to growth came from mining, financial &insurance services and professional & scientific services, while the manufacturing sector detracted 0.1 percentage points from economic growth.

The economic growth data is backward-looking. But more recent figures have generally remained soft. We believe the Reserve Bank should cut rates again, especially given the downside risks to global growth and are pencilling in a move in August.

To read CommSec’s report, click here.

7 June 2012

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