RBA: Resilient financial system

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Financial Stability Review The Reserve Bank has given a clean bill of health for the Australian financial system, highlighting the strength of domestic banks compared with their overseas peers. The... Read more continue reading

Dwelling starts down further weakness ahead

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Dwelling starts Australian dwelling starts fell by 5.3 per cent in the December quarter. The side in dwelling starts was due to weakness in activity in both the private and... Read more continue reading

Monthly household fuel bill hits $200

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Weekly Petrol Price; Imports According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.5 cents per litre to 143.2 cents a litre... Read more continue reading

La Niña weather event still dominates

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La Niña update Our last update on the La Niña weather event was published on February 14. At that time the Southern Oscillation index hit an 11-week low of +16.6... Read more continue reading

Consumers start spending again

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CBA Business Spending index In line with anecdotal evidence, consumer spending strengthened in February. The Commonwealth Bank Business Sales Indicator (BSI) rose by 0.5 per cent in trend terms in... Read more continue reading

Construction jobs plunge; Airfares on rise

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Quarterly Labour force data; Over the three months to February, employment across Australia grew by just 0.1 per cent or 16,200 – marking the slowest pace of jobs growth in... Read more continue reading

Investor Signposts: Week Beginning March 20 2011

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The big picture If you wanted to get a good textbook example of a ‘fear-driven’ event it is the so-called Japanese nuclear crisis. It started with one of the biggest... Read more continue reading

Lending slides; Futures market bets on rate cut

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Lending finance; RBA Board minutes; New Car Sales Lending slumped in January. Total lending finance fell for the first time in the five months – down by 6.0 per cent... Read more continue reading

The Great Sendai Earthquake of 2011

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Perspectives At 2.46pm on Friday March 11, an earthquake measuring 9.0 on the Richter scale occurred off the north east coast of Japan near Sendai, triggering a 10 metre tsunami... Read more continue reading

Credit cards on the outer; Petrol on the rise

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Credit card lending; Weekly Petrol Price Credit card balances are growing at the slowest annual pace in 16 months. The average credit card balance in January was up just 0.8... Read more continue reading