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Economics

66,000 new jobs in Australia for February quarter: forecast

AAP  |  TUESDAY, 25 NOV 2003
More than 60,000 new jobs will be created across Australia in the 2003/04 February quarter, according to a new report out today.

Strong economic performance to boost Government spending: NAB

The latest international economics weekly report by the National Australia Bank (NAB) has highlighted the impact of Australia's strong economic performance of late which is likely to provide a considerable boost to the Government's coffers and initiating ...

Government to revise GST on long-term non-reviewable contracts

The Government intends to revise the way GST will be applied to long-term non-reviewable contracts that will not have had a review opportunity by 30 June 2005.

Weaker property market and low inflation may guide RBA decision in December

TD Securities Asia-Pacific Chief Strategist Stephen Koukoulas has said that the RBA will look to low inflation and the weaker property market for guidance when it meets next on 2 December 2003 to deliberate on interest rate movements.

Domestic market closes higher after sluggish day

The Australian share market finished a quiet day in positive territory, with Telstra Corp making gains while News Corp weighed down the local bourse.

Housing bubble imbalance could threaten economic growth: TD Securities

The recent boom in house prices and household debt have created an imbalance in the economy that threatens to severely undermine economic growth.

NAB's economic report cites RBA's leaning towards neutral interest rates

The latest National Australia Bank (NAB) weekly economic report released on November 20 has cited comments by the Reserve Bank of Australia (RBA) Governor Ian Macfarlane, who stated that the balance of risks to the medium term inflation outlook has shifted ...

Treasury warns on global recovery

AAP  |  THURSDAY, 20 NOV 2003
Treasury has warned the global recovery might turn out to be more hype than substance, reinforcing the government's argument against a hefty hike in interest rates.

Skilled vacancies index up 1.7% in November

AAP  |  WEDNESDAY, 19 NOV 2003
Australia's jobs boom shows no sign of slowing after new figures today showed vacancies for skilled workers rose 1.7 per cent in November.

Economic indicator pointing to stronger growth momentum

AAP  |  WEDNESDAY, 19 NOV 2003
A leading indicator of future economic activity rose above its long term trend rate in September, pointing to a stronger growth momentum in the first half of 2004, according to Westpac.