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Economics

Daily economic round-up

PETER BELL  |  MONDAY, 6 NOV 2006
Pressure will be on the Reserve Bank of Australia to increase interest rates tomorrow when it meets. Last weeks announcement that building approvals by municipal councils rose by 6.1 per cent in September to produce a year on year growth in total dwellings ...

Daily economic round-up

PETER BELL  |  FRIDAY, 3 NOV 2006
The recent uplift in consumer sentiment as measured by the Westpac survey has not been transferred into much buoyancy in retail sales, as indicated by the ABS monthly release of the data yesterday.

Daily economic round-up

PETER BELL  |  THURSDAY, 2 NOV 2006
Notes on the Australian System of National Accounts released yesterday showed that while GDP increased by 2.8 per cent in 2005-06, GDP per capita increased by 1.5 per cent. The household savings ratio was 0.7 per cent in 2005-06, up from the figure of ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 1 NOV 2006
The release of the financial aggregates data for September by the RBA yesterday showed that borrowing by businesses and households has slowed in line with expectations as the cost of capital has moved up a couple of times during the last year and is ...

Daily economic round-up

PETER BELL  |  MONDAY, 30 OCT 2006
Overnight news from the US revealed that the US economy grew by only 1.6 per cent in the September quarter which was down on the June figure of 2.6 per cent and the 5.6 per cent from the March quarter. Residential construction has fallen more than 17 ...

Daily economic round-up

PETER BELL  |  FRIDAY, 27 OCT 2006
The Australian Fair Pay Commission yesterday increased the national minimum wage for low paid workers by $27.36 to $700 and by $22.04 for those above $700 in a decision that was supported by both major political parties and the union movement but opposed ...

Daily economic round-up

ALFRED SINN  |  THURSDAY, 26 OCT 2006
The International Monetary Fund has revised up its growth forecasts for the Australian economy to 3 per cent in 2006 and 3.5 per cent in 2007 and has warned that the commodity price boom is likely to put upward pressure on inflation and therefore interest ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 25 OCT 2006
The release by the ABS of national CPI data has shown that overall there was a 0.9 per cent increase during the third quarter, tallying to a 3.9 per cent annual rate. This suggests that the coming RBA meeting on 7 November will see the board under pressure ...

Daily economic round-up

PETER BELL  |  TUESDAY, 24 OCT 2006
The economic impact of the Federal Government's baby bonus as well as improved employment conditions in Australia have helped improved the national birth rate, according to the latest data from the ABS. The national birth rate is the highest since 1995 ...

Daily economic round-up

PETER BELL  |  MONDAY, 23 OCT 2006
Insight into the CPI data of Wednesday this week arrived today with the publication by the ABS of producer price data. Final stage of production prices increased by 1 per cent over the quarter and 4 per cent compared to this time last year largely as ...