An update on how the Australian economy looks on a per capita basis

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Strong population growth continues to boost Australia’s aggregate growth rates which paint a more positive picture on the economy than what most households are experiencing. Per capita measures on the

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What if dwelling prices were included in the CPI?

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House price cycles are not captured in the CPI because the cost of land is excluded from the consumer basket. The CPI is a poor barometer of changes in the

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State and Territory perspective

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Most economic commentary is focussed at the national level. This Commonwealth Bank report digs below the headline numbers and compares outcomes across Australia’s States and Territories. The quarterly report analyses

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Will higher commodity prices lead to better wage outcomes this year?

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Wages growth and commodity prices have historically shown a strong correlation. Given this relationship the surge in commodity prices which began in mid 2016 is pointing to faster wages growth

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Housing credit growth firm but business credit growth is slowing

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Total credit to the private sector rose by 0.4% in September. Annual growth stepped down to 5.4%. Housing credit was up by 0.5% over the month and sits 6.4% higher

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Australia clocked 24million people in the March quarter

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Australia’s population rose by 0.4% over QI and annual growth held steady at 1.4%. Australia’s population is estimated to be 24.1million as at March 2016. Net migration continues to be

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Public capital investment – more bark than bite?

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Public investment has been trending down as a share of GDP since mid‑2010. But analysis of the 2016/17 State and Federal Budgets shows that public sector investment is likely to

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A stronger employment report than the headline numbers imply

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Yesterday’s 7.9k lift in jobs was a touch lower than market expectations which were centred on a lift of 10.0k (CBA(f) +5k). The headline numbers suggest the report was a soft

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Why is non‑mining business investment so weak and what is the outlook?

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A lift in non‑mining investment remains the missing ingredient in the Australian economic growth transition story. Some of the cyclical drivers of business investment have moved in a direction that

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State and territory perspective

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Most economic commentary is focussed at the national level. This report digs below the headline numbers and compares outcomes across Australia’s States and Territories. CBA Economics analyses how the states and

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