Car sales hit record highs; New home sales lift

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New home sales; Performance of Services; New vehicle sales New home sales rise: New home sales rose by 3.3 per cent in August after slumping by 5.7 per cent in

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Dwelling approvals hit record highs

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Dwelling Approvals; International Trade; RBA Senate Testimony Dwelling approvals: Dwelling approvals rose by 3.0 per cent in August and are up 14.5 per cent over the year. Over past 12 months

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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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Shock slump in Chinese production growth

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Chinese Economic data Chinese economic data: Industrial production rose at a 6.9 per cent annual rate in August, the slowest growth in 5½ years (December 2008) and below forecasts. Retail sales rose

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Largest jobs gains on record… apparently

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Labour force; Chinese inflation Jobs gains: Employment rose by a record high 121,000 in August after falling by a revised 4,100 in July (previously reported as a 300 fall in jobs).

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Home loans lift but first home buyer share at record lows

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Housing Finance; NAB Business Survey; Weekly Consumer Confidence The number of new owner-occupier housing loans (commitments) was up by 0.3 per cent in July but the value was unchanged. Excluding the

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