China economy: Coronavirus comeback kid

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Chinese economic data Chinese economic growth: The Chinese economy (GDP) expanded by 11.5 per cent in the June quarter (consensus: +9.6 per cent) after a 10 per cent contraction in the March quarter. GDP grew at a 3.2 per cent annual rate in the year to June (consensus: +2.4 per cent), following a 6.8 per

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State of the Regions 2019

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Over the past decade CommSec has conducted quarterly assessments of state and territory economic performance. We have now extended the analysis to Australian regional economies. Data were assessed across 88 SA4 regions that tend to have populations of between 100,000 to 300,000 people. The data assessed included population growth, business counts, unemployment and home building

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Spending growth lifts in February

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Commonwealth Bank Business Sales Index Economy-wide spending is growing at the fastest rate in nine months according to the Commonwealth Bank Business Sales Indicator (BSI). The BSI, a measure of economy-wide spending, rose by 0.5 per cent in February after a similar lift in January. Spending growth remains above the 0.4 per cent long-term average

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Inflation: No room for complacency

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Consumer price index  Inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.5 per cent in the December quarter, above expectations. In seasonally adjusted terms the CPI rose by 0.4 per cent. The annual rate of headline inflation eased from 1.9 per cent to 1.8 per cent. The Aussie

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Record home building with bevy of work ahead

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Consumer sentiment; Building activity Record home building: In real trend terms, a record $19.8 billion of work was done in building new homes in the September quarter. New starts: The number of dwelling starts fell by 5.7 per cent in the September quarter after falling 4.7 per cent in the June quarter and rising 11.7

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Low inflation prevails

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Consumer price index Inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.4 per cent in the September quarter, broadly in line with expectations. In seasonally adjusted terms the CPI rose by 0.1 per cent. The annual rate of headline inflation eased from 2.1 per cent to 1.9 per

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Record building work; positive consumers

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Consumer sentiment; Building activity Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index rose by 1.0 per cent to a reading of 101.5 in October. The sentiment index is in line with its long-term average of 101.5. A reading above 100 denotes optimism. Home building: The number of dwelling starts fell by 5.9 per

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Aussie consumers drive solid economic growth

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National accounts Record expansion: The record economic expansion is now in its 28th year. The Australian economy grew by 0.9 per cent in the June quarter after growing 1.1 per cent in the March quarter. Annual economic growth rose from 3.1 percent to 3.4 per cent – the strongest growth rate in almost six years. Over 2017/18

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Confident consumers; luxury cars retreat

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New vehicle sales; Consumer sentiment Consumer confidence: The weekly ANZ/Roy Morgan consumer confidence rating rose by 1.2 per cent to 123.5 last week – the highest level in four years and well above the long-run monthly average of 112.9. The reading on personal finances is the second highest in nine years of records. New vehicle sales: The

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Inflation falls to the lowest level in 17 years

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Consumer price index Low inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.4 per cent in the June quarter, in line with expectations. In seasonally adjusted terms the CPI rose by 0.6 per cent. The annual rate of inflation fell from 1.3 per cent to 1.0 per

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