Economic trends: The New Age Aussie Consumer

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Consumers have had to make choices in recent times. Housing purchase, rent and utilities have become more expensive; some goods and services like cars, mobile phones & internet, furniture and... Read more continue reading

Jobs: The good news keeps on coming

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Employment rose by 38,900 in May after rising by a revised 7,100 (previously 15,500 in April). Economists had expected a flat result. Full time jobs the key: In May part-time... Read more continue reading

Mining states propel growth to a five year high

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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... Read more continue reading

Australia boom – March quarter GDP +1.3%…boom time or is it?

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Australian March quarter GDP rose a surprisingly strong 1.3% resulting in an annual rate of +4.3%.  This is roughly double consensus expectations.  The key drivers of the upside surprise were... Read more continue reading

Reserve Bank opts for actions over words

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The Reserve Bank Board cut the official cash rate by 25 basis points (quarter of a percentage point) to 3.50 per cent. The cash rate is at the lowest level... Read more continue reading

Record cutback in investment plans

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New business investment rose 6.1 per cent in the March quarter, ahead of forecasts centred on a rise of 3 per cent. Spending on buildings rose by 10.5 per cent... Read more continue reading

Convincing case to cut rates again

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There’s not a lot of good news in the economy at present. The latest data showed profits, job ads and tourist arrivals all fell. The main piece of good news... Read more continue reading

Aussie Government bond yields at 64-year lows

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Australian 10-year bond yields fell to 2.848 per cent last night – the lowest yields since 1948.  What does it all mean? The last time that Australian long-term government bond... Read more continue reading

Weekly economic & market update

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Ongoing worries about Europe combined with soft global economic data, including a very weak employment report in the US and poor Chinese data, has seen investors head for safety. Share... Read more continue reading

Home sales rebound before grant is scrapped

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New home sales rebound from 11-year lows – new homes sales lifted by 6.9 per cent in April, a partial rebound from March where sales slumped 9.4 per cent to 11-year... Read more continue reading