Trade Balance – January 2014

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The January trade surplus surged to $1433mn, following a smaller December surplus of $591mn. Exports of goods and services rose by 3.7% over January while imports lifted by 0.8%.  Export

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CBA Economics: RBA’s neutral policy bias reiterated in Board minutes

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The February Board minutes reiterated the RBA’s neutral policy bias that was evident in the February Statement on Monetary Policy. The QIV Wage Price Index data (released Wednesday 19 February)

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CBA Economics: Rising retail trade momentum is positive for household spending growth

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Retail Trade – December 2013 Retail trade rose by 0.5% in December to be 5.7% higher over the year. Retail prices are picking up, rising by 1.1% over QIV.  It

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Weekly Economic Perspective: week beginning 13 January

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The Week Ahead The transition from mining to non‑mining led growth is on track.  Next week’s data on housing lending, consumer sentiment, construction, employment and dwelling starts will provide further

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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: 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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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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