State & territory economic performance report How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses decade averages to determine the level of “normal” […]
continue readingState & territory economic performance report How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses decade averages to determine the level of […]
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22
Jul
2013
The record-breaking economic expansion has notched up another quarter of growth. The Australian economy grew by 0.5 per cent in the September quarter to stand 3.1 per cent higher than a year ago. The biggest contributions to growth came from business equipment spending (+0.4 percentage points), followed by inventories (+0.3pp), household consumption (+0.2pp), and net […]
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07
Dec
2012
The Australian economy has just completed its 21st year of growth; the last recession ended in the June quarter of 1991. It is the longest expansion in Australia’s history. In 2011/12, the economy grew by 3.4 per cent, slightly above the long-term average of 3.25 per cent. The economy grew by 0.6 per cent in […]
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06
Sep
2012
How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses decade averages to determine the level of “normal” interest rates; we have done […]
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24
Oct
2011
Weekly economic and market report for week commencing 17 July 2011 Headline developments of the past week European debt problems took centre stage yet again over the last week. Until recently it appeared that the European Union had put a firewall around Greece, Ireland and Portugal in order to protect Spain and Italy and as […]
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18
Jul
2011
How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses decade averages to determine the level of “normal” interest rates; we have done […]
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18
Jul
2011
Details on proposed Carbon Tax The Federal Government has proposed a new tax on carbon emissions of $23 a tonne to apply to 500 of the biggest corporate emitters from July 2012. The aim of the tax is to increase the price of goods produced by carbon-intensive industries and thus change behaviour of consumers and […]
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11
Jul
2011
The big picture Confused about where the economy is heading? You’re in good company, with the boffins from the Reserve Bank also seemingly scratching their collective heads about where things are going. Earlier in the year the policymakers appeared confident that the economy would rebound strongly after the floods and cyclones and flagged the risk […]
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07
Jul
2011
Labour force The unemployment rate was unchanged at 4.9 per cent in June. The participation rate edged up from 65.5 per cent to 65.6 per cent. The working age population rose by 19,600. Employment rose by 23,400 people in June. Economists had tipped job gains of around 15,000. But the May result was sharply revised […]
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07
Jul
2011
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