Weekly Economic Perspective: week beginning 13 January

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The Week Ahead The transition from mining to non‑mining led growth is on track.  Next week’s data on housing lending, consumer sentiment, construction, employment and dwelling starts will provide further

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Population rose by 407k over the past year to 23.13 million

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Population – June Quarter 2013 Australia’s population rose by 95.7k in QII to 23.13 million.  Over the past year it rose by 407k or 1.8% which is high by global

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Exports to China hit a record high as trade deficit widens in October

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International Trade – October 2013 The October trade balance was a deficit of $529m – an increase of $258m on the deficit in September. Exports declined by a very small

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Capex – QIII 2013

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Mining capex looks set to plateau at close to 8% of GDP in 2013/14.  The real drag on GDP growth from falling mining capex looks to be some time away.

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CBA Economics: Home owners drive consumer sentiment higher

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Consumer Sentiment – November 2013 Consumer sentiment rose by 1.9% in November to be 5.8% higher than a year ago. Sentiment is around its three year high. Low mortgage rates,

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The participation rate is falling – why?

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The Australian labour market is soft.  Employment growth has slowed, the unemployment rate is trending higher and job vacancies are low. But the increase in the unemployment rate has been

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CBA Economics: State and Territory Perspectives

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CBA Economics have just released The State and Territory Perspectives which covers the macroeconomic trends in the States and Territories. Most economic commentary is focussed on the national outcome. But, this

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Still no joy for retailers; Record foreign debt

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Retail Trade; Balance of Payments; Government Finance Retail trade rose by just 0.1 per cent in July after a flat result in June. Annual spending growth rose from 1.1 per cent

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CBA Economics: Mining capex peaking – non-mining capex yet to show signs of a pick-up.

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Capex – QII 2013 Actual capital spending rose by 4.0% in QII but is 2.3% below year earlier levels Together with yesterday’s data on building activity, business investment will have

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Consumer sentiment at its highest level since March 2013

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Consumer sentiment rose by 3.5% in August to be 9.4% higher than a year ago Sentiment was buoyed by the RBA’s latest rate cut, which occurred at the time the

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