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Economics

Daily economic round-up

PETER BELL  |  WEDNESDAY, 6 DEC 2006
The Reserve Bank of Australia announced that it will not lift the cash rate from its present level of 6.25 per cent.

Daily economic round-up

PETER BELL  |  TUESDAY, 5 DEC 2006
The three interest rate hikes this year in May, August and November have taken their toll on the housing industry, according to the latest figures released by the Australian Bureau of Statistics.

Daily economic round-up

PETER BELL  |  MONDAY, 4 DEC 2006
New evidence about the state of the US economy suggests that the soft landing scenario that most have been expecting is showing signs of being a little harder than anticipated.

Daily economic round-up

PETER BELL  |  FRIDAY, 1 DEC 2006
Australian retails sales data just released by the ABS shows that over the last month there was a 0.8 per cent increase on a seasonally adjusted basis following the revised increase of 0.3 per cent in September and a 0.2 increase in August.

Daily economic round-up

PETER BELL  |  THURSDAY, 30 NOV 2006
ABS international trade data shows that Australia's trade imbalance increased in October by $535 million on the revised September figure to tally to a deficit of $1.26 billion.

Daily economic round-up

PETER BELL  |  THURSDAY, 23 NOV 2006
A report by Monash University Professor Bob Birrell draws negative conclusions about the reliance by the government on the use of migrant accountants.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 22 NOV 2006
Evidence of the softening of consumer demand comes with the latest sales of new motor vehicles data from the Australian Bureau of Statistics which shows that on a national seasonally adjusted basis sales grew by only 2.9 per cent.

Daily economic round-up

PETER BELL  |  TUESDAY, 21 NOV 2006
In a bid to ensure the supply of farm labour, the National Farmers Federation (NFF) has asked the Federal Government to reduce the withholding tax on foreign workers from 29 to 13 per cent saying that the $7 billion horticulture industry could lose about ...

Daily economic round-up

PETER BELL  |  MONDAY, 20 NOV 2006
The meeting of G20 members in Melbourne has raised the perception that continued rising global interest rates may help abate world inflationary pressures being brought about by the increasing industrialisation of many developing economies.

Market Wrap - midday

AAP  |  FRIDAY, 17 NOV 2006
The major banks were mixed, with Commonwealth Bank falling 32 cents to $48.03 and ANZ dropping 23 cents to $28.42.