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Daily economic update

... averaged 6.5 per cent of GDP in 2005. The magnitude of this deficit is unsustainable. Given the US' love affair with cheap imports the deficit is likely to increase rather than contract going forward. This is negative for US interest rates because at ...

Daily economic update

... momentum continues to slow, consumer spending softer, the property market still correcting and net exports (exports minus imports) remain a drag on growth are boosting expectations that if ever the RBA adjust rates at all this year, it would be downwards. ...

Daily Economic Update

... external sector remains absent with net exports subtracting 0.5 percentage point from growth as a 3 per cent increased in imports during the quarter swamped a small 1.1 per cent gain in exports. The soft property market also contributed to the disappointing ...

Daily economic update

... revised A$13.7 billion shortfall in the September quarter. The latest figures reflect the fall in farm exports, higher imports and increased borrowing over the final three months of 2005. The shortfall on the balance of goods and services rose by 1.4 ...

Daily economic update

... trade deficit in January - the first in five years - bolster this speculation. This is because the 27 per cent jump in imports during the month is further proof that domestic demand is accelerating, putting the recovery on a more sustainable footing. ...

Daily Economic Update

... billion in the previous month. A strong 7 per cent increase in exports of goods and services and a 1 per cent decline in imports during the month contributed to the hefty A$1.3 billion drop in the deficit.

Daily economic update

... except for inventories. Most components posted fractional declines except for the backlog of orders, export orders and imports. A similar report out of Europe also provided positive indications. The Eurozone Purchasing Managers Index (PMI) slipped to ...

Daily economic update

... 'increased mining capacity and strong global demand for our commodities.' In other domestic news, Australia's merchandise imports dropped by 10.1 per cent to A$13.6 billion in December from A$15.2 billion in the previous month. A 20 per cent fall in ...

Daily economic update

... November. Exports increased by 14.2 per cent -- the fastest rate of expansion since July 2004 - to 5.91 trillion yen, while imports rose to a record 4.91 trillion yen. Strong economic growth in both China and the United States - Japan's biggest export ...

Daily economic update

... boosted by a 27.4 per cent increase in civilian aircraft exports and a 6.2 per cent rise in consumer good shipments. US imports fell by 1.1 per cent. Imports of aircrafts declined by 33.3 per cent, industrial supplies fell by 2.5 per cent and pharmaceuticals ...

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REI Super chief executive steps down

ELIZA BAVIN

REI Super is farewelling its chief executive Jarrod Coysh, after more than seven years in the role.

Former Brighter Super investment lead plots return

MATTHEW WAI

After a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month.

CGT, negative gearing changes to become a law

RIDDHIMA TALWANI

The government's tax agenda announced in the Budget overhauling the capital gains tax (CGT) discount and negative gearing have now passed the Parliament and will become law.

BUSSQ beefs up cyber security oversight

MATTHEW WAI

The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk.

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