Year in Review. Year in Preview

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Year in Review 2021/22 – Year in Preview 2022/23 Now that the 2021/22 financial year is over, it is an opportune time to reflect on the past year and look ahead to 2022/2023. Every year has its challenges but the past 12 months has been especially taxing. And a war analogy is especially apt. Across

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Regional Aussie petrol prices hit record high   

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Weekly oil market update According to the Australian Institute of Petroleum, the national average unleaded petrol price rose by 6.4 cents to 211.9 cents a litre (c/l) last week, the second highest level on record (data since 2004). Average weekly pump prices hit record highs in Brisbane (219.3c/l), Canberra (220.1c/l) and Sydney (216.4c/l). And the

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Record regional Aussie job vacancies

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Skilled job vacancies The Internet Vacancy Index (IVI) from the National Skills Commission rose by 0.9 per cent in May (or by 2,754 available positions) to a 14-year high (highest since June 2008) of 298,375 available positions. Recruitment activity was up by 25.7 per cent (or 61,045 ads) in May on a year ago and

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Year in review, year in preview

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Year in review 2021/22, year in preview 2022/23 With a few days to go in the 2021/22 financial year, it is an opportune time to reflect on the past year and look ahead to 2022/2023. Every year has its challenges but the past 12 months has been especially taxing. And a war analogy is especially

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No election bounce for consumer confidence

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Weekly consumer confidence; Private sector credit; Dwelling approvals The weekly ANZ-Roy Morgan consumer confidence index eased by 0.1 per cent to 90.7 (long-run average since 1990 is 112.4). Consumer views on ‘current financial conditions’ dropped 4.4 per cent last week to a two-year low of -19.3 points. And inflation expectations rose to 5.5 per cent

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Petrol prices ease below $2 a litre, OPEC+ meets

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Weekly oil market update Last week, the benchmark Singapore gasoline price fell by US$2.92 or 1.9 per cent US$154.28 a barrel, down from a record high of US$157.20 a barrel. In Aussie dollar (AUD) terms, the Singapore gasoline price fell by $7.04 or 3.2 per cent to $216.26 a barrel or 136.01 cents a litre,

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Building costs soar by the most in more than 21 years 

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Construction work done; Skilled job vacancies; RBA speech The value of construction work done fell by 0.9 per cent in the March quarter but it was still up 1.4 per cent on a year ago. Building costs rose by 2.8 per cent in the March quarter – the biggest lift in 21½ years. Skilled vacancies

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CommSec State of the States – April 2022

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Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out. Now in its 13th year, the report also includes a section comparing annual growth rates for the eight key indicators across the states and territories as well as Australia as a whole, enabling comparisons in terms of economic momentum.

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Interest rate alert, Petrol set to lift from lows

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Reserve Bank Board minutes; Weekly oil market update; Household spending The Reserve Bank Board notes that a pickup in inflation and wage growth “have brought forward the likely timing of the first increase in interest rates.” According to the Australian Institute of Petroleum, the national average unleaded petrol price fell by 8 cents a litre

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Record job ads for 15 Aussie occupations

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Skilled job vacancies The National Skills Commission’s Internet Vacancy Index (IVI) rose by 3.6 per cent in February (or 9,264 available positions) to a 13½-year high of 269,746 available positions. Recruitment activity is up 36.2 per cent over the year to February. Job vacancies were at all-time highs (since January 2006) in February for 15

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