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Showing 11 - 20 of 224 results for %22Australian PMI%22

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
... high growth beta - only bought in times of global prosperity. So Virginia, how do we explain the rise and rise of the Australian dollar at a time when uncertainty is at its extreme - that even fiscal and monetary authorities put "extent and duration ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... sectors and economies more broadly, according to the Reserve Bank of Australia. In a new paper titled How Risky is Australian Household Debt? the RBA said the current level of household debt relative to income in Australia is high compared to many other ...

Chief economist update: Second wave turning our V into a W

BENJAMIN ONG  |  FRIDAY, 21 AUG 2020
... preliminary reading of 53.9 in August from July's final reading of 54.0. According to CBA: "Business conditions in the Australian manufacturing sector improved further in August, with the rate of improvement largely unchanged on July. Driving the ...

Chief economist update: Second waving, not drowning

BENJAMIN ONG  |  TUESDAY, 7 JUL 2020
... Follow the money. This becomes an even greater imperative given the likelihood of a more prolonged contraction in the Australian economy. Have no fear, big brother is here. China is Australia's biggest export market and being first in - into the ...

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
... Australia's education and tourism sectors. For sure and for certain, this would have negative implications for the Australian economy - China being our premier customer - but we have to get our own house in order first. Recent headlines report of ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... baseline scenario." That, Reserve Bank of Australia (RBA) governor Philip Lowe's statement - released after the Australian central bank's May 5 meeting (where it kept monetary policy settings unchanged, "including the targets for the cash rate ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... footsteps of the UK and experts are warning the floodgates are likely to open soon." This statement -- printed by the Australian Financial Review - talked about the rising number of infections in the UK and how "Australia will also suffer as many severe ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... countries locked down their borders and implemented social isolation. In the past, I have always found solace in the Australian dollar's depreciation in times of trouble - the AFR reports: "The Australian dollar has fallen to its lowest level in ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
A $3 billion industry super fund is the latest to hike fees ahead of the Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 ...