Dwelling approvals rebound, Credit sluggish

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Latest economic data New dwelling approvals rose for the first time in seven months – up 9.3 per cent in October. The RP Data-Rismark Hedonic Australian Home Value Index –

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Profits and sales slide as businesses temper activity

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Business indicators; New Home Sales; Petrol price Company profits fell by 1.5 per cent in the December quarter, led by the construction sector. Excluding mining, profits fell by a much

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Reserve Bank Governor signals pause on rates

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Testimony of Reserve Bank Governor In delivering testimony to the House of Respresentatives Economics Committee, the Reserve Bank Governor has given clear signals that interest rate settings are on hold

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Weekly market & economic update – 26 November 2010

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Headline developments of the past week While there was good news at the start of the week in terms of Ireland agreeing to accept a bailout from the European Union

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RBA signals pause on rates

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Testimony of Reserve Bank Governor The Reserve Bank Governor has delivered testimony to the House of Respresentatives Economics Committee. Transcripts of the testimony have been released. Selected comments from the

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Australian housing – is it a bubble? What’s the risk?

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Key points Australian housing is not in a bubble but it is very overvalued, and combined with high debt levels leaves Australian households vulnerable should anything significantly threaten house prices.

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Mining investment leads the way

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Private New Capital Expenditure New business investment rose by 6.2 per cent in the September quarter – the biggest increase in three years. Mining dominated investment plans with investment in

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Biggest housing slump in a decade

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Construction work done Construction work done fell from record highs, down by 2.1 per cent in the September quarter. In real terms the value of construction work done fell to

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Spending remains sluggish across Australia

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CBA Business Spending index A recovery in spending across the Australian economy remains elusive according to a key gauge.The Commonwealth Bank Business Sales Indicator (BSI) was unchanged in October after

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Weaker Aussie drives petrol to three month highs

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Petrol price According to the Australian Institute of Petroleum the national average retail pump price rose 0.5 cents a litre last week to 124.3 cents a litre – a three

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