Manufacturing contracts to nine-month lows

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Performance of Manufacturing The Performance of Manufacturing index fell by 4.4 points in September to a nine-month low of 47.3.  Any reading below 50 means the manufacturing sector is contracting.

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RBA sets the scene for a rate hike

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RBA Board minutes; ABARE Australian Commodities; Airfares Minutes of the last Reserve Bank Board meeting echo’s the sentiments of the Governors speech yesterday and adds further weight to the likelihood

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Petrol spikes as discounting cycle resumes

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Petrol price; RBA Governor speech Petrol prices have risen for the first time in five weeks. The Australian Institute of Petroleum reports that the average Australian petrol price rose by

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Businesses hopeful; Farmers rejoice; Cash is still king

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NAB business survey; ABARE Crop Report; Consumer finances Business confidence is up; conditions are down. According to the NAB business survey, the business confidence index rose from +2.4 in July

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Aussie tourism in trouble

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Regional economy Australia’s tourism sector was already in trouble, but it is now set to come under even more pressure from renewed strength of the Aussie dollar. The Australian dollar

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Chinese economy powers along

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Chinese economic data The Chinese economy strengthened in August. Production, retail trade, inflation and money supply all grew at a stronger annual rate in August suggesting that authorities will need

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China engineers a soft landing

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Chinese economic data; Mobile phone sales Chinese trade surplus eases as imports surge. China recorded a trade surplus of US$20.03 billion in August – below forecasts centred on a result

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Currency jigsaw puzzle

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As authorities in Western economies grapple with slow economic growth and exhausted policy tools, an old policy favourite, ‘currency devaluation’, could become an appealing option. It may be challenging to

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