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Showing 71 - 80 of 127 results for "Economic Update"

Daily economic update

The National Australia Bank's (NAB) latest monthly business survey shows improvement in domestic business conditions and confidence. The NAB business conditions index increased to 10 points in February from eight in the previous month while the index ...

Daily economic update

A stronger than expected increase in employment provided some good news to the Australian economy which had been fluxed with disappointing activity data over the past few weeks. The Australian Bureau of Statistics (ABS) reported that the economy added ...

Daily economic update

As expected, the Reserve Bank of Australia (RBA) left the official cash rate untouched at 5.5 per cent following yesterday's Board meeting. The decision marked the 12th straight month of steady interest rates since March 2005 when it lifted its key ...

Daily economic update

The Board of the Reserve Bank of Australia (RBA) meets today to deliberate on domestic monetary policy settings. Financial markets expect the RBA to keep the cash rate unchanged at 5.5 per cent when it announces its decision tomorrow. In overseas news ...

Daily economic update

The European Central Bank (ECB) raised its benchmark interest rate overnight to 2.5 per cent from 2.25 per cent. The latest move marks the second rate hike in three months. At a press conference following its decision, ECB President Jean Claude Trichet ...

Daily Economic Update

Australian building approvals disappointed market expectations for a 1.5 per cent rise in January and instead posted a 1.9 per cent decline. The recent figure, coming on top of a 3.5 per cent drop in the previous month, reflects the continued pessimism ...

Daily Economic Update

Latest National Accounts figures show that the Australian economy grew by a lower-than-expected 0.5 per cent in the December quarter - boosting expectations of continued steady interest rates in the near term. This followed an upwardly revised 0.3 per ...

Daily economic update

Australia's balance of payments continued to deteriorate in the December quarter with the deficit on the current account widening by 5.7 per cent to A$14.5 billion (6.1 per cent of GDP) from a revised A$13.7 billion shortfall in the September quarter. ...

Daily economic update

Australian house prices rose by 2.1 per cent in the December quarter to stand 2.3 per cent above their level in the same period in 2004. This compares favourably with unchanged prices in the September quarter and market expectations for a 0.8 per cent ...

Daily economic update

Business investment continues to drive the Australian economy forward. This is established by today's Australian Bureau of Statistics (ABS) report showing that real capital spending increased by a much larger-than-expected 9.2 per cent in the December ...