Capex – QIII 2013

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Mining capex looks set to plateau at close to 8% of GDP in 2013/14.  The real drag on GDP growth from falling mining capex looks to be some time away.

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CBA Economics: Home owners drive consumer sentiment higher

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Consumer Sentiment – November 2013 Consumer sentiment rose by 1.9% in November to be 5.8% higher than a year ago. Sentiment is around its three year high. Low mortgage rates,

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CBA Economics: State and Territory Perspectives

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CBA Economics have just released The State and Territory Perspectives which covers the macroeconomic trends in the States and Territories. Most economic commentary is focussed on the national outcome. But, this

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Job losses, longer hours; but better times ahead

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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

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Still no joy for retailers; Record foreign debt

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Retail Trade; Balance of Payments; Government Finance Retail trade rose by just 0.1 per cent in July after a flat result in June. Annual spending growth rose from 1.1 per cent

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CBA Economics: Mining capex peaking – non-mining capex yet to show signs of a pick-up.

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Capex – QII 2013 Actual capital spending rose by 4.0% in QII but is 2.3% below year earlier levels Together with yesterday’s data on building activity, business investment will have

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Household debt trends

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Australian households have housing debt levels that are high by international standards. But income and asset characteristics of relevant households suggest that they can service the debt comfortably. Housing loans

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Housing finance report – May 2013

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Total housing lending rose by 2.0% in May and is 15.5% higher over the year. Owner‑occupied lending continues to trend upwards. The number of loans to owner‑occupiers rose by 1.8%

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Consumers respond negatively to the federal budget

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Consumer sentiment fell by 7.0% in May to be 2.4% higher than a year ago. The fall in consumer sentiment over May follows a fall of 5.1% in April. Despite

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CBA Economics: Budget Update April 2013

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Government ministers have been indicating since late 2012 that the 2012/13 Budget outcome was likely to be a deficit. So, this week’s news was no surprise. The Prime Minister confirmed it today

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