CommSec Research: State of the States July 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

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Reserve Bank defends inflation target

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Reserve Bank Governor speech Reserve Bank Governor speech: Governor Lowe delivered a speech titled “Inflation targeting and Economic Welfare.” Speeches from the Reserve Bank Governor can provide guidance on interest

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Rising petrol prices lift June quarter inflation

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Weekly petrol prices Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 1.8 cents in the past week to 142.8 cents a

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Unemployment: The young and the restless

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Labour force Employment rose for the 11th straight month, up by just 500 jobs in June after a revised 45,300 increase in jobs in May (previously reported as a 42,300

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Melbourne-Sydney passenger growth hits 6½-year low; Reserve Bank ready to act “if needed”

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Domestic air travel; Weekly consumer sentiment; Reserve Bank Board minutes People flying: There were 5.12 million passengers carried on Australian domestic commercial aviation (including charter operations) in May 2019, an

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Biggest lift in Singapore gasoline prices in 3 years; Brisbane and Sydney petrol prices surge

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Weekly petrol prices Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 0.5 cents in the past week to 141.0 cents a

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Record inbound migration; Record Aussies travelling overseas

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Overseas arrivals; Credit cards Tourism: Tourist arrivals rose by 6.3 per cent in May – the biggest monthly lift in international visitors since April 2017. And Aussie tourist departures lifted

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Year in review; Year in preview

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Year in Review; Year in Preview Economic & financial perspectives Record expansion: Australia’s record economic expansion has almost completed its 28th year. Interest rates have fallen to fresh record lows;

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CommSec Research: Skilled job vacancies ‘winners’ and ‘losers’

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Skilled Job Vacancies Skilled job vacancies: In trend terms, the Internet Vacancy Index (IVI) fell by 0.7 per cent – the fifth consecutive monthly decline – to 81.1 points in

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Housing market brightens; Chinese tourism slumps; Consumers unsure on best place to put savings

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Consumer confidence; Overseas arrivals; Credit cards Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index fell by 0.6 per cent to 100.7 in June after rising by 0.6 per

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