CommSec State of the States: October 2019

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Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; we […]

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State of the Regions 2019

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Over the past decade CommSec has conducted quarterly assessments of state and territory economic performance. We have now extended the analysis to Australian regional economies. Data were assessed across 88 SA4 regions that tend to have populations of between 100,000 to 300,000 people. The data assessed included population growth, business counts, unemployment and home building […]

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Election fever boosts Canberra property? Manufacturing activity hits 8-month high

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Home prices; Manufacturing Home prices: The CoreLogic Home Value Index of national home prices fell by 0.49 per cent in April – the smallest decline since September – to be down 7.2 per cent over the year. Prices fell in all capital cities except Canberra (up by 0.4 per cent). Regional prices fell by 0.3 […]

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Best annual wages growth in three and a half years

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Wage Price Index; Consumer sentiment Wages: The wage price index rose by 0.6 per cent in the September quarter following a downwardly- revised 0.5 per cent increase (previously +0.6 per cent) in the June quarter. To 2-decimal points, annual wage growth lifted from 2.14 per cent to a 31⁄2-year high of 2.29 per cent. Bonuses […]

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Record annual infrastructure building

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Engineering construction work done Engineering: Engineering construction work done rose by 2.2 per cent in the June quarter, down by 5.2 per cent from a year ago. A month ago, it was estimated that engineering construction was up by 0.4 per cent in the quarter, but down 7.2 per cent over the year. Infrastructure boom: Engineering work […]

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CommSec iPhone index: Australia 4th cheapest

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Economic trends Do we have a Goldilocks Aussie dollar – not too hot, not too cold, just about right? According to CommSec iPhone index Australia is now the 4th cheapest country in the world (of 51 nations) to buy an Apple iPhone 8 in US dollar terms. This time last year, Australia was the 25th cheapest country […]

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CommSec Research. Best annual employment conditions on record

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Business survey; Consumer confidence Business confidence: The NAB business confidence index rose from 20-month lows of +5.6 points in June to +6.6 points in July. The long-term average is +6.0 points. Business conditions: The NAB business conditions index eased from a downwardly-revised +14.1 points (previously +15.0 points) in June to +12.4 points in July. The long-term average […]

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Low inflation keeps the Reserve Bank sidelined

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Consumer price index Inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.4 per cent in the June quarter, below expectations for a lift of 0.5 per cent. In seasonally adjusted terms the CPI rose by 0.5 per cent. The annual rate of headline inflation lifted to 2.1 […]

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Reserve Bank Governor remains upbeat

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The Reserve Bank Governor Philip Lowe delivered a speech in Adelaide last night. Key points Statement on Monetary Policy: Governor Lowe flagged changes to the format of the report to “make the report more thematic”. Forecasts: “The latest forecasts should not contain any surprises, with only small changes from the previous set of forecasts, issued three months ago. […]

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Construction boom: Too much work? Tassie consumer confidence at 7-year high

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Consumer sentiment; Building activity; China inflation  Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index fell by 0.6 per cent to 102.4 points in April, down from 103.0 points in March. The index is above its long-term average of 101.5 points. A reading above 100 points denotes optimism. Home building: The number of dwelling […]

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