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Economics

Retail trade and hospitality services increase 1.2% to $15.57 billion in October: ABS

Retail trade and hospitality services in Australia was valued at $15.57 billion for October, which represents a rise of 1.2 per cent on the figures for September, the Australian Bureau of Statistics (ABS) said today.

Building approvals increase 1.6% to 16,264 units in October: ABS

The number of building approvals in Australia during October had risen 1.6 per cent to 16,264 units, the Australian Bureau of Statistics (ABS) said today.

NAB predicts a 25bps increase in interest rates by the RBA

A strong GDP forecast of 1.8 per cent has led National Australia Bank (NAB) economists to predict a cash rate rise by the RBA by 25 bps to 5.25%.

Current account deficit improves in September quarter after some exports recover

AAP  |  MONDAY, 1 DEC 2003
Australia's current account deficit improved marginally in the September quarter after a recovery in some rural exports.

Private capital expenditure rises 4.1% in the third quarter: NAB

Private capital expenditure in Australia has risen 4.1 per cent in the third quarter and 13.9% for the year thus far, the latest weekly economic report by the National Australia Bank (NAB) has revealed.

Credit grows at fastest pace in 14 years

Annual growth in credit has accelerated to its fastest pace in 14 years with housing loans leading the way ahead of personal and business credit, TD Securities Chief Strategist Stephen Koukoulas has revealed.

Economists expect 1.3 per cent GDP growth in September quarter

Strong household consumption is expected to have quickened the pace of economic growth in Australia in the three months to September as the economy rebounds from a soft patch in the June quarter.

Total managed funds during the September quarter is $671.4 billion: ABS

The total value of superannuation funds during the September quarter was $319.72 billion, whilst in the June quarter the figure was $310.53 billion, and $285.06 billion during the September quarter of 2002, the Australian Bureau of Statistics (ABS) said ...

Afternoon market wrap: Domestic market fades to black

WITH AAP  |  FRIDAY, 28 NOV 2003
The Australian share market ended the day in the black as resources propped up a lacklustre market.

RBA to hike rates to 5.25 per cent next week: economists

AAP  |  FRIDAY, 28 NOV 2003
The Reserve Bank of Australia (RBA) would raise interest rates by another 0.25 per cent next week given the strengthening domestic and global picture, according to economists