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Showing 41 - 50 of 1878 results for "Australian Bureau of Statistics"

New initiative calculates how much Aussies need in retirement

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
... retirees don't enjoy their retirement as much as they could as they are not confident spending. Using Australian Bureau of Statistics data, Super Consumers Australia calculated savings targets designed for homeowners, who make up 84% of retirees. Super ...

Inflation to retreat in 2022: Fund manager

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... system." In Australia, inflation rose 3% in the 12 months to September 2021, according to the Australian Bureau of Statistics. This is benign compared to US inflation levels, which soared to a 39-year high of 6.8%, up from 2.3% at the end of 2019, an ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
Australians all, let us rejoice... for despite the Delta-induced lockdowns in the September quarter, the domestic economy shrank by much less than most of us were expecting. The Australian Bureau of Statistics' (ABS) National Accounts report shows ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... prompting businesses and consumers to bid prices higher. But how's it going for Australia? The Australian Bureau of Statistics' (ABS) update on the country's wages suggests that the RBA is correct. The annual growth in the country's total wages accelerated ...

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
The Australian Bureau of Statistics (ABS) released its "National Accounts" report for the June 2021 quarter, and it was good... nay, it was great! The report showed the economy grew by a better-than-expected 0.7% in the second quarter of the year, taking ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... cap. In total, super funds released $36.4 billion in 2020 under the ERS scheme. According to the Australian Bureau of Statistics, the average withdrawals were $7728 and $7536 across the two tranches.

Wage growth remains low

ELIZABETH MCARTHUR  |  THURSDAY, 19 AUG 2021
... growth. The rate of growth over the quarter was one of the lowest rates recorded for the series," Australian Bureau of Statistics head of price statistics Michelle Marquardt said. The lowest quarterly wage growth by industry was 0.1% for the electricity ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... much, that the prices of consumer goods and services have gone up... until now. Figures from the Australian Bureau of Statistics (ABS) show that the country's annual headline inflation rate spiked to 3.8% in June from 1.1% in the March quarter. That's ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... This could also be because Australia is facing the latest hurdle from a position of strength. The Australian Bureau of Statistics (ABS) reports that the country's unemployment rate dropped to an 11-year low of 4.9% in June - below the March 2020's ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
"They gathered for the feast They stab it with their steely knives, But they just can't kill the beast." - The Eagles, 'Hotel California' Only a few days after the Reserve Bank of Australia (RBA) kept monetary policy settings unchanged and ...