Canberra02 6295 771627 February 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Australian shares vs credit conditions Sources: Reserve Bank of Australia, Australian Chamber of Commerce and Industry, and Sensis. Australians appear to be facing tougher conditions when borrowing money. Notably the Reserve Bank of Australia (RBA) recently commented that “credit conditions for housing and small business…
Chart of the week: Australia's underperformance on unemployment
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Economic Update
22 February 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Source: Reserve Bank of Australia and Australian Bureau of Statistics. Australia has recorded strong jobs growth over recent years. Australia’s unemployment rate has also managed to gradually fall to 5% (black line). This is essentially the lowest unemployment rate since 2012. Both…
Chart of the week: Is Australia's confidence a concern?
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Economic Update
14 February 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Source: NAB Business Survey and Westpac Melbourne Institute (WMI) Consumer Sentiment survey. Confidence is a key indicator for economic growth. Consumer spending, housing construction and business investment can all depend upon confidence. NAB’s Business Survey (blue line) shows that confidence has turned down over recent…
ThreeSixty Research Market Update – February 2019
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Economic Update
Highlights: Fears of slowing growth momentum in the US and China are creating a sense of urgency for both countries to resolve the trade dispute. The possibility of a further US government shutdown over border control is adding to uncertainty and downside risks to the economy. The Australian residential property market continues to weaken, while…
Chart of the week: Has the fed cause to pause on raising us interest rates?
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Economic Update
05 February 2019 Bob Cunneen, Senior Economist and Portfolio Specialist US interest rates (Fed funds interest rates) vs Wages (Average hourly earnings) …
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, February 2019
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Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy grew above trend in 2018, although it slowed in the second half of the year. Unemployment rates in most advanced economies are low. The outlook for global growth remains reasonable, although downside risks have increased. The trade…