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Showing 1 - 10 of 100+ results for "Australian Bureau of Statistics"

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 ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... and Canberra have kissed and made up and let bygones be bygones. Preliminary estimates by the Australian Bureau of Statistics (ABS) show that the country's merchandise goods trade surplus expanded to a record $13.3 billion in May from $9.7 billion ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
"It's raining men! Hallelujah! It's raining men!" -The Weather Girls Australian 'men' (and women) at work' that is. According to the Australian Bureau of Statistics' (ABS): "Employment increased by 115,000 people in May, following the 31,000 ...

Chief economist update: How do you solve a problem like Australia's housing?

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2021
Tell us something we, Australians all, don't already know. Those who have (at least one) are salivating, wringing their hands and thanking their lucky stars. Those who don't are still pounding the pavement - winter, spring, summer and autumn ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
"Boom boom boom boom!" - Vengaboys The Australian property market should adopt this as its official anthem. The property craze in this Land Down Under is best portrayed by an article in the Daily Telegraph telling the story about "a mouldy 1970s house ...
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