Credit/debit card fees at record lows

From

Credit & debit cards Record fall in credit card debt. The average credit card balance fell by 2.7 per cent in smoothed terms in the year to September, the biggest

continue reading

Solid spending but inflation contained

From

Retail trade; Inflation gauge; Job ads Retail spending up: Retail trade rose by 0.8 per cent in September, well above market forecasts. Adjusting for inflation, retail trade rose by 0.7 per

continue reading

New home sales hit 27-month high

From

New home sales Home sales lift: New home sales rose by 6.4 per cent in September. The number of sales stand at a 27-month high. The lift in sales is the

continue reading

Inflation lifts rate cuts off the agenda

From

Consumer price index Inflation lifts: The Consumer Price Index – the main measure of inflation in Australia – rose by 1.2 per cent in the September quarter, above expectations for a

continue reading

Spending slowdown: Pause for breath?

From

Commonwealth Bank Business Sales Index Economy-wide spending eased slightly in September after 13 months of gains. In trend terms the Commonwealth Bank Business Sales Indicator (BSI), fell by 0.1 per

continue reading

State of the States

From

State & territory economic performance report 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;

continue reading

Up, up, up, up: Australian economy lifts

From

Home Prices; Manufacturing gauge; Retail trade; New home sales Home prices up: The RP Data – Rismark Home Value index of capital city home prices rose by 1.6 per cent

continue reading

Inflation contained; Term deposits at decade low

From

Inflation gauge; Private sector credit; Overseas economic data Inflation contained: The TD Securities/Melbourne Institute monthly inflation gauge rose by 0.2 per cent in September to stand 2.1 per cent higher than

continue reading

Wealth down, but rebound to record highs underway

From

Financial Accounts; Population; Job Vacancies Less wealthy: Net household financial wealth per capita fell from $76,748 to $75,509 in the June quarter, but was still up 12.4 per cent over

continue reading

Job losses, longer hours; but better times ahead

From

Labour force Jobs & jobless rate: Employment fell by 10,800 in August after falling by a revised to 11,400 jobs in July (previously reported as a 10,200 loss in jobs). The

continue reading