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Merchandise imports fall to $9.45 billion in February: ABS

AAP  |  WEDNESDAY, 17 MAR 2004
Merchandise imports fell 4.9% in February to $9.45 billion, new figures showed today. The Australian Bureau of Statistics (ABS) said imports fell in all categories apart from mineral fuels, up to $873 million, and miscellaneous manufactured articles ...

Labor says we were wrong on super blooper

AAP  |  WEDNESDAY, 17 MAR 2004
Federal Labor was yesterday forced to admit to an embarrassing bungle in its latest pensions promise and confessed it had no plans to pay retirees an extra $25-a-week. The opposition owned up to the mistake after Treasurer Peter Costello seized on Opposition ...

Study shows many Australian retirees on low incomes

AAP  |  WEDNESDAY, 17 MAR 2004
The majority of retired Australians are living on no more than $320 per week, but that hasn't deterred people from leaving work years before the traditional retirement age, a study released yesterday found. Figures that validate growing concern in Canberra ...

Property investment loans plunge in January: ABS

AAP  |  TUESDAY, 16 MAR 2004
New loans to property investors plunged 15.5% in January, figures showed today, confirming higher interest rates have cooled interest in the housing market. The Australian Bureau of Statistics (ABS) said borrowing for property investment fell for the ...

Federal budget deficit $2.656 billion to end January

AAP  |  MONDAY, 15 MAR 2004
The federal Budget was $2.656 billion in deficit to January 31, Finance Minister Nick Minchin said on Friday. The fiscal balance to January 31 was $1.1 billion. The government has forecast a Budget surplus of $4.6 billion for 2003-2004, and the monthly ...

Housing finance figures point to continued market cooling

AAP  |  FRIDAY, 12 MAR 2004
New figures today point to a continued cooling in the property market in the wake of the latest two increases in mortgage rates. Housing finance figures for owner occupied homes dipped 8.1% in January, following interest rate increases in November and ...

Super growth funds on a high in February: InTech

Superannuation growth funds continued their upward performance trend in February, with the median growth manager gaining 1.7% to produce strong returns of 8.1% for the financial year to date, according to figures released by InTech. InTech observed ...

Housing affordability down in December

Housing affordability for first-time home buyers fell 8.4%, reaching a record low in the December quarter, according to a report released yesterday by the Commonwealth Bank and the Housing Industry Association. Figures from the survey indicate that ...

Jobless rate rises to 5.9% in February: ABS

AAP  |  THURSDAY, 11 MAR 2004
Australia's jobless rate rose to 5.9% in February, new figures showed today, from a revised 5.8% in January. The Australian Bureau of Statistics (ABS) said full-time jobs fell for the first time since June last year, with 13,100 positions lost in the ...

Leap year boosts February retail figures: Cashcard

AAP  |  WEDNESDAY, 10 MAR 2004
An extra day thanks to the leap year helped Australian retail spending levels nudge higher in February but the shortest month in the calendar remains the lowest one for turnover, research found. The Cashcard Retail Activity Index showed retail spending ...