Search ResultsShowing 1 - 10 of 100+ results for "Australian Bureau of Statistics"
Average Australian is a millionaire: ABS
ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
According to the Australian Bureau of Statistics, the average household wealth in Australia passed the $1 million mark in 2017-2018. The ABS said wealth in Australia has risen 37% in the last decade. ABS chief economist Bruce Hockman explained that ...
Chief economist update: The turn in Australia's cycle from vicious to virtuous
BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... growth in retail spending slowed to 2.4% in May from 2.8% in April from 3.5% in March. The Australian Bureau of Statistics (ABS) also recently released its "Job Vacancies" report, telling us, Australians all, to forget asking for a pay increase. ...
More Australians retire with big mortgages
ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
New research analysing Australian Bureau of Statistics microdata shows that more Australians are retiring owing money on their mortgage. The portion of homeowners between ages 55 and 64 that owe money on mortgages has tripled since 1990 - from 14% ...
Chief economist update: Another rate cut on the cards
BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
... The depreciation in the A$/US$ exchange rate to as low as US$0.6902 immediately after the Australian Bureau of Statistics' (ABS) - from US$0.6949 a day earlier - released its 'Labour Force' report for May underscores the ...
Chief economist update: RBA to take rates to fresh record low
BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
... economic and survey indicators have been weakening in recent months. Foremost of which is the Australian Bureau of Statistics' (ABS) recent update showing wage growth remains lacklustre. Private sector wages grew by 2.4% in the year to the ...
Chief economist update: June RBA rate cut not a sure bet
BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
... bottom of 1.5% when its Board meets on the first Tuesday of June intensified after the Australian Bureau of Statistics' (ABS) publication of 'Catalogue 6202.0 - Labour Force, Australia, April 2019'. Australia's employment ...
Chief economist update: Low unemployment, low wages growth conundrum
BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... education and training industries, as was the case in the previous March quarter." That's Australian Bureau of Statistics (ABS) Chief Economist Bruce Hockman take on the results of the Wage Price Index (WPI) report that showed wages - total ...
Chief economist update: Lock in two RBA rate cuts
BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation slowed to 1.3% in the year to the March quarter from 1.8% ...
Chief economist update: RBA repeats history
BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... to mounting consensus expectations for at least one interest rate cut this year after the Australian Bureau of Statistics' (ABS) good news on the country's unemployment rate - it dropped to an eight-year low of 4.9% in February from 5% ...
Australia in effective recession: Academic
KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... in effective recession, according to the University of New South Wales. Yesterday, the Australian Bureau of Statistics posted a 0.2% growth in gross domestic product for the three months to December 2018. Consumer spending grew at 0.4% in ...
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