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Showing 21 - 30 of 531 results for "imports"

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... (reflecting fewer fees paid to administer the Paycheck Protection Program loans) and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. The increase in PCE reflected increases in services (led ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... be repeated in the September quarter. However, the recovery in domestic demand suggests that net exports (exports minus imports) would become a drag - from the positive contribution it made in the June quarter - as Australians import purchases outpace ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
... plumbed in early February, after China put Wuhan in lockdown. Being the biggest iron ore consumer (69.1% of total world iron imports), what happens to China dictates the direction of the price of Australia's biggest commodity export. China's ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... more "Made in Australia" goods than the OECD group of nations put together (33.2%). While Australia also buys most of its imports from China (27.7% of total imports), it has a bilateral trade surplus with Beijing (A$5,241 million as at August). With ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... around the world are highlighted by the 10.6% fall in exports in the second quarter and the even sharper 19.1% drop in imports. Australia's overall economic growth would have been much deeper had it not been for the government spending - government ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... investment, business investment, and housing investment that were partially offset by an increase in government spending. Imports, a subtraction in the calculation of GDP, decreased." Read: were it not for government spending (CARES Act), and lesser ...

Chief economist update: Good as gold

BENJAMIN ONG  |  MONDAY, 13 JUL 2020
... accurately, with Chinese economic activity). According to statista.com: "China accumulated a majority of the global iron ore imports in 2019, with a 69.1 percent share of total global imports." Thus, iron ore prices dropped by 17.4% from a high of US$94.83/tonne ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... and lockdown measures imposed by nearly all governments on planet earth. Had it not been for the 1.3% contribution from imports, Australia would have been grieving a much worse March quarter. Then again, that contribution was because of the 6.2% drop ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... also took a hit, unsurprisingly as borders were closed globally. Net trade contributed 0.5 percentage points to GDP. "Imports of goods fell 3.9%, with falls in consumption and capital goods reflecting weak domestic demand," the ABS said. "Imports of ...

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
... country's biggest export market - could throw a spanner in Canberra's recovery works. Beijing has already banned beef imports from four Australian abattoirs, put an 80% customs duty on barley, its looking at thermal coal import restrictions. ...