China slowdown, but holidays add complications

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Chinese trade and inflation data Chinese trade: The Chinese trade balance swung from a surplus of US$31.86 billion in January to a deficit of US$22.98 billion in February. The result is

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RBA Governor promotes interest rate stability

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Reserve Bank Governor Testimony The Reserve Bank Governor has delivered testimony to the House of Representatives Economics Committee. The Governor has delivered his clearest statement yet that the economy is

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Australian economy picks up pace

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National accounts Another quarter of growth: The record-breaking economic expansion is in its 23rd year. The Australian economy grew by 0.8 per cent in the December quarter after a 0.6 per cent

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Building approvals at record highs

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Dwelling approvals; Balance of Payments; Government Finance Dwelling approvals soar: Dwelling approvals rose by 6.8 per cent in January. Approvals are up 34.6 per cent over the year. Approvals rose to

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Slowest wage growth on record

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Wage price index Wages rose by 0.7 per cent in the December quarter. Annual growth of wages eased from 2.7 per cent to a record low of 2.6 per cent (series

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Benign Chinese inflation placates investors

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Chinese inflation data Chinese annual inflation: Producer prices fell by 1.6 per cent in the year to January (median forecast was for 1.7 per cent decline). Consumer prices rose by 2.5

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Job losses but grounds for optimism

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Labour force Jobs down: Employment fell by 3,700 in January after a revised 23,000 loss in jobs in December (previously reported as a 22,600 decrease in jobs). Full-time jobs fell by

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Home loans hit record highs

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Housing finance; NAB Business survey Record home loans: The value of all home loans rose by 0.2 per cent to record highs in December. The number of new owner-occupier housing loans fell

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How & where we spent in 2013

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Consumer spending perspective Retail trade in 2013: Over 2013 as a whole, Australians spent $264.2 billion at retail outlets. Spending was up 3.2 per cent over 2012 – the strongest calendar-year

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CBA Economics: Rising retail trade momentum is positive for household spending growth

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Retail Trade – December 2013 Retail trade rose by 0.5% in December to be 5.7% higher over the year. Retail prices are picking up, rising by 1.1% over QIV.  It

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