Credit growth steps up, again

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Private Sector Credit – January 2015 Total credit to the private sector rose by 0.6% in January.  Annual growth stepped up to 6.2%. Housing credit was up 0.6% over the

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RBA Board Minutes – September 2014

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The RBA maintained its guidance that “the most prudent course was likely to be a period of stability in rates”. The tone was in line with previous Board minutes, but

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Declining commodity prices and an elevated AUD weigh on exports

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Trade Balance – May 2014 The May trade figures showed a large deficit of $1.9bn Declining commodity prices and an elevated AUD over the month weighed on export receipts. Exports

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Consument sentiment still being impacted by negativity around the Federal Budget

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Consumer Sentiment – June Consumer sentiment rose by a small 0.2% in June but is 8.8% below year its year ago level Confidence is still being adversely impacted by the

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Residential construction (finally) takes off

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Construction Work Done – QI 2014 The volume of construction work done rose by 0.3% in QI.  It is 2.6% higher through the year. Residential construction surged by 6.8% while

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Retail Trade – February 2014

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Retail trade rose by 0.2% in February following a spike of 1.2% in January. Annual growth slowed to a still respectable 4.9%. The February result was driven by a lift

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CBA Economics: Consumer sentiment falls to its lowest level since May last year

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Consumer Sentiment – February 2014 Consumer sentiment fell by 3% in February to its lowest level since May last year. Sentiment declined for a third month in a row as

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CBA Economics: Home owners drive consumer sentiment higher

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Consumer Sentiment – November 2013 Consumer sentiment rose by 1.9% in November to be 5.8% higher than a year ago. Sentiment is around its three year high. Low mortgage rates,

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The participation rate is falling – why?

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The Australian labour market is soft.  Employment growth has slowed, the unemployment rate is trending higher and job vacancies are low. But the increase in the unemployment rate has been

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