Record Wealth! RBA open to “macroprudential” tools

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Financial Accounts; Population; Job Vacancies; Final Budget Outcome Household wealth stood at a record $7,780.6 billion at the end of June, up $97.4 billion or 1.3 per cent over the quarter. In

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Spending growth extends into the fourth year

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Commonwealth Bank Business Sales Index Economy-wide spending grew at “normal” pace in August, moving the sales expansion into the fourth year. The Commonwealth Bank Business Sales Indicator (BSI) – a

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Petrol prices drift higher; Asian shares slide

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Weekly Petrol Prices; Sharemarket trends Petrol prices rise: According to the Australian Institute of Petroleum, the national average Australian price of petrol rose by 2.8 cents per litre to 147.6

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Jobs up most in a decade, but record fall in mining

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Employment by Industry Industry employment: Employment rose by 119,800 over the three months to August – the biggest quarterly increase in over almost a decade (since November 2004). Mining jobs fall: Mining

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Jitters ahead of US rate decision

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Economic & financial events; Imports Volatility ahead of key events: Currency and share markets have exhibited volatility in recent days ahead the Scottish referendum and the US Federal Reserve meeting

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Job ads at 17-month high; Record China trade surplus

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Job Advertisements; Chinese trade Hiring again: Job advertisements rose by 1.5 per cent in August to a 17-month high. Bigger Chinese trade surplus: The Chinese trade surplus rose from US$47.3 billion to

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Best retail sales in six years

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Retail Trade; ANZ Job Ads; Weekly Petrol Prices; Inflation Gauge Retail trade rose by a larger-than-expected 0.6 per cent in June after a revised 0.3 per cent fall in May (previously

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Consumer confidence hits 13-week high

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Weekly Consumer Confidence; Reserve Bank Governor Speech Consumer confidence rebounds: The ANZ-Roy Morgan Consumer Confidence Rating rose by 4.4 per cent to a 13-week high of 113.5 in the week to

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State of the States July 2014

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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 done; population growth;

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Business outlook improves; Petrol set to rise

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NAB Business Survey; Weekly Petrol Petrol prices drop: According to the Australian Institute of Petroleum, the national average Australian price of petrol fell by 4.0 cents per litre to 151.3

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