Year in review. Year in preview

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The past pear: 2020 The Australian economy entered recession in the March quarter for the first time in 28 years – impacted by the COVID-19 coronavirus as well as drought, bushfires and storms. In the June quarter, the economy contracted by 7 per cent – the biggest fall in activity since the end of World

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Bounce-back from COVID-19

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Business Indicators; China data Profits & sales: Company operating profits rose by 3.2 per cent in the September quarter (consensus: +4.0 per cent). Sales rose by 4.4 per cent in the quarter but were down 5.4 per cent on the year. Inventories: Inventories fell by 0.5 per cent in the September quarter (consensus: -0.7 per

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Job market: Light in the tunnel gets brighter  

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Labour Force Employment rose by 178,800 in October (survey forecast: -27,500) after falling by an upwardly-revised  42,500 jobs in September (previously reported as a 29,500 fall in jobs). Full-time jobs rose by 97,000 and part-time jobs rose by 81,800. The unemployment rate rose from 6.9 per cent to 7.0 per cent in October  (survey forecast:

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Australian houses are again the world’s biggest

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CommSec Home Size Trends Report Australia is again building the biggest houses in the world. Data commissioned by CommSec from the Australian Bureau of Statistics, shows the average new house built in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. US houses built over

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Record lift in retail trade in September quarter

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Retail trade Retail trade: Retail trade fell by 1.1 per cent in September (survey forecast: -1.5 per cent). In real (inflation-adjusted) terms, retail trade rose by 6.5 per cent in the September quarter (survey forecast: +6.0 per cent). Retail prices: Prices at retail stores rose 0.5 per cent in the September quarter to be up

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Sydney & Brisbane petrol prices to spike; Job ads jump; Used car prices lift; Deflation

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Petrol Prices; Job advertisements; Inflation; Used car prices Fuel prices: The national average price of unleaded petrol fell by 3.8 cents to 119.8 cents a litre (c/l) last week according to the Australian Institute of Petroleum. Metropolitan prices fell by 5.5 cents to 119.9c/l with regional prices down by 0.3 cents to 119.5c/l. East Coast

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US election: Second wave or blue wave?

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Financial market events The US Presidential election is on Tuesday 3 November 2020 (Wednesday 4 November 2020 AEDT). This note updates the detailed election preview issued on September 22. The initial report can be found here. Since the first presidential debate on September 29, former US Vice-President Joe Biden has increased his lead over incumbent

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Used car prices soar – petrol prices creep higher

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Petrol Prices; Used car prices Fuel prices: The national average price of unleaded petrol rose by 2.7 cents to 119.2 cents a litre last week according to the Australian Institute of Petroleum. Monthly used car prices: The Datium Insights – Moody’s Analytics Used Vehicle Price Index increased 29.9 per cent on a year-ago basis in

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Petrol to challenge $1 a litre again

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Weekly Petrol Prices Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 5.5 cents last week to 124.2 cents a litre. Fuel Policy: The Federal Government has announced a $211 million investment in building new domestic fuel storage. Overseas travel: In August there were 60,860 overseas

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Petrol prices hit 6-month high; Job ads lift and ATM withdrawals hit 20-year lows

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Weekly Petrol Prices; Job advertisements; Credit/debit cards; Services activity Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 7.2 cents last week – the most in 12 weeks – to 6-month highs of 129.7 cents a litre. East Coast petrol prices: Average daily unleaded retail petrol prices

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