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Economics

Daily economic update

The latest US Institute of Supply Management report indicates that while the US manufacturing sector continues to expand, its rate of growth is weakening. Eurozone PMI points to further ECB rate hikes.

Weekly economic round-up

The monetary policy outlook dominates this week's financial market activity with Reserve Bank of Australia, Bank of England and the European Central Bank meetings to deliberate on their respective interest rate settings.

Daily Economic Update

Australian consumer spending continues to gain momentum and the housing slowdown looks to be nearing the end.

Daily economic update

Growth in services and government spending boosted the economy of the United Kingdom to its fastest quarterly rate of growth in one year.

Super fund taxes break through $5 billion

Total taxation revenue collected by all levels of government in Australia climbed to $230 billion in 2004-05, of which only $5.1 billion was paid by super funds.

Daily economic update

To no one's surprise, the US Federal Reserve's Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points to 4.75 per cent. It also lifted the discount rate to 5.75 per cent.

Daily economic update

There is almost a unanimous expectation that the US Federal Reserve will raise interest rates to 4.75 per cent at the end of its FOMC meeting.

Weekly economic round-up

There were again no significant economic reports released out of Australia last week but the minor ones that did see print were indicative of the moderate growth outlook for the local economy.

Daily economic update

US existing home sales rose in February but Japanese nationwide land prices continued to slide in 2005.

Daily economic update

The Bank of England's Monetary Policy Council (MPC) voted 8-1 to keep interest rates unchanged for the seventh month in a row.