Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 566 results for "Imports"

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... coming months given the re-growth of cases of infections in a number of countries. A smaller 6.5% year-on-year increase in imports sent China's trade surplus to a new record high of US$78.17 billion in December 2020. The yuan's sharp appreciation ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... and profits, prompting increased investment in building and structures, equipment and staff. The sharp 6.5% increase in imports - for a negative 1.2 pps contribution to growth - further underscores the strength of domestic household spending, "predominantly ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... ban on four Australian abattoirs citing infringements on beef products; China imposed an 80% tariff on Australian barley imports because it has been imported against trade rule; China's Ministry of Culture and Tourism advised its population not to ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... goods trade surplus of $4.84 billion (original, current price, merchandise trade basis)". This is despite Australian goods imports increasing by more: "Imports of goods in October 2020 increased $1,978 million (8%) to $25,692 million," the ABS said. ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... but this is because of the increasing momentum in China's - the biggest iron ore consumer (69.1% of total world iron imports) - economic recovery. China's success in containing the virus post-haste and subsequent lifting of restrictions on social ...

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 ...