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Construction up 4.9% in December quarter: ABS

AAP  |  WEDNESDAY, 25 FEB 2004
The building sector is continuing to grow with the value of construction work up 4.9% in the December quarter, official figures released today show. The Australian Bureau of Statistics said the value of total construction work hit $18.3 billion in the ...

RBA to look to wages data for inflation outlook

AAP  |  WEDNESDAY, 25 FEB 2004
Figures out today will give the Reserve Bank of Australia (RBA) an indication if it needs to tackle potential wages inflation when it meets on interest rates next month. Earlier this month the RBA warned that the strength of the labour market may boost ...

Jobs at SMEs strongest since GST

AAP  |  TUESDAY, 24 FEB 2004
Employment in small and medium enterprises (SMEs) grew to their strongest levels in the January quarter since the introduction of the Goods and Services Tax, a business index found. The Sensis Business Index for Small and Medium Enterprises showed that ...

Sydney median house price hits $500,000 in December: REI

AAP  |  MONDAY, 23 FEB 2004
The median price of a house in Sydney reached $500,000 in the December quarter 2003, according to figures released today by the Real Estate Institute (REI) of New South Wales. Prices in the state's capital increased 6.4% from the September quarter.

Margin lending for direct share investment rises: St George

AAP  |  MONDAY, 23 FEB 2004
Margin lending for direct investment in the share market picked up in the December quarter, according to St George Bank head of margin lending, Andrew Black. Black said Reserve Bank of Australia (RBA) data showed there had been a move towards borrowing ...

Government and employers agree on $10 wage rise for low paid

AAP  |  FRIDAY, 20 FEB 2004
The Commonwealth and employers have backed a wage rise of up to $10 a week for Australia's lowest-paid workers in this year's minimum wage case, saying any more would cost jobs. The figure is less than half the amount sought by unions, who want an extra ...

Credit card charges hit record $14.7 billion in December

AAP  |  FRIDAY, 20 FEB 2004
Australia's Christmas credit card binge hit record levels in December as consumers ignored rising interest rates in favour of spending up big, figures released today show. Australians put an all-time record $14.68 billion on the plastic in December ...

Merchandise imports down in January: ABS

AAP  |  TUESDAY, 17 FEB 2004
Merchandise imports dropped in January to $9.942 billion, new figures showed today. The Australian Bureau of Statistics (ABS) said imports fell 9.6% in the month, from $10.998 billion in December. Imports of food and live animals fell to $408 million ...

Property investment down: ABS

AAP  |  MONDAY, 16 FEB 2004
Property investors appear to be retreating following back-to-back interest rate rises last year, with new figures today showing another fall in investment lending in December. The Australian Bureau of Statistics (ABS) said borrowing for property investment ...

FTA $4 billion benefit figure should be revised: expert

The government needed to revise a $4 billion figure it used to quantify economic benefits of the Australia-US free trade agreement (FTA), an international economist said today. In recent days, some ministers have put the economic benefit of the deal ...