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Economics

Daily economic update

Australian Bureau of Statistics figures show that sales of new motor vehicles rose by 2.6 per cent to 83,728 units in January following a 0.8 per cent increase in December.

Weekly economic round-up

The Reserve Bank of Australia's (RBA) statement on monetary policy spelt out the bank's near-term insight for the domestic economy and the future trajectory of local interest rates.

Daily economic update

New US Fed Chairman Ben Bernanke delivered his first public testimony before the House Financial Services Committee last night. In it, he noted that despite challenges, the US economy is growing at a solid pace. Bernanke indicated that "some" additional ...

Daily economic update

The Westpac/Melbourne Institute leading index of economic activity stood at 4.1 per cent in December. This is above its long-term level of 3.7 per cent, indicating a favourable growth outlook for the domestic economy in the coming months.

Daily economic update

The Australian Bureau of Statistics (ABS) today released lending finance figures for December which revealed the trend towards lower household borrowing and rising business finance commitments continued.

Weekly economic round-up

Last week's decision by the Reserve Bank of Australia (RBA) to keep official interest rates unchanged at 5.5 per cent presented no surprises.

Daily economic update

Increasing optimism over the steady course of Australian monetary policy and improving affordability appears to be making positive inroads on the housing market. Overseas, UK and Japanese central banks keep interest rates on hold.

Daily economic update

Today's lower than expected increase in Australian employment gives credence to yesterday's decision by the Reserve Bank not to alter current monetary policy settings.

Daily economic update

There was no surprise in the Reserve Bank of Australia's (RBA) decision to keep official interest rates unchanged at 5.5 per cent.

Daily economic update

Today's updates on Australian business conditions and retail activity reinforce current market thinking for steady domestic interest rates in the near term.