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Economics

Daily economic round-up

PETER BELL  |  FRIDAY, 6 OCT 2006
The NAB monthly survey of business confidence has found that business conditions fell by 12 points and the overall NAB index fell by six points in September to a score of two. NAB says that expectations are for a weaker December quarter especially in ...

Daily economic round-up

PETER BELL  |  THURSDAY, 5 OCT 2006
The Dow Jones Industrial Average Index has risen to its highest level since January 2000 as the US market absorbs the positive impact of lower oil prices and the reduced threat of harsher interest rates.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 4 OCT 2006
The Reserve Bank has decided to leave the cash rate unchanged at 6 per cent following the Australian Bureau of Statistics announcement yesterday that in seasonally adjusted terms retail sales increased by 0.3 per cent in August.

Daily economic round-up

PETER BELL  |  TUESDAY, 3 OCT 2006
When the Reserve Bank meets today to consider the economy and whether or not they should raise interest rates, some pressure against an upward move has come from the survey of the construction industry by the Master Builders Association.

Daily economic round-up

PETER BELL  |  FRIDAY, 29 SEP 2006
Data on the number of job vacancies was released by the Australian Bureau of Statistics yesterday revealing that on a seasonally adjusted basis the national figure stood at 154,000 in August, up by 11 per cent from the corresponding quarter last year.

Daily economic round-up

PETER BELL  |  THURSDAY, 28 SEP 2006
In the latest Global Competitiveness Rankings by the Geneva based World Economic Forum Australia has slipped from its previous position of 10th to 19th. The rankings are a result of a global Executive Opinion Survey of 11,000 business leaders in 125 ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 27 SEP 2006
The IBES database of analyst estimates of future company profitability has revealed that 2007 is expected to show an average increase in profits of 15 per cent, expected to slow to 5 per cent the following year. This follows earnings growth of 21 per ...

Daily economic round-up

PETER BELL  |  TUESDAY, 26 SEP 2006
The acting executive director of the Australian Bureau of Agricultural and Resource Economics, Karen Schneider, said that earnings from commodity exports are expected to increase by 14 per cent to $140 billion in 2006-07.

Daily economic round-up

PETER BELL  |  MONDAY, 25 SEP 2006
The skills crisis continues to occupy the discussions of business and community leaders with the head of the Australian Chamber of Commerce and Industry, Peter Hendy, commenting that the $1 billion called for by Australian Industry Group counterpart ...

Daily economic round-up

PETER BELL  |  FRIDAY, 22 SEP 2006
Further evidence of a slowing Australian economy came yesterday with the release of ABS figures for the August sales of new cars, which fell by 2.3 per cent. Analysis of the data shows that passenger vehicle sales fell by 1.1 per cent, other vehicles ...