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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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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Sales continue to lift across the nation

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Commonwealth Bank Business Sales Index Economy-wide spending grew at modest pace in July, extending the period of rising sales across the nation. The Commonwealth Bank Business Sales Indicator (BSI) –

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Business confidence lifts; Export sales at 13-year high

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NAB Business Survey; Credit & debit card lending; Weekly Consumer Confidence Business conditions and confidence: The NAB business confidence index rose 7.8 points to +11.0 points in July – a 10-month

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