Canberra02 6295 771612 April 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Consumer spending vs sentiment Source: Westpac Melbourne Institute, Australian Bureau of Statistics and Datastream. The Australian consumer appears subdued. The Westpac Melbourne Institute (WMI) measure of consumer sentiment (red line) came in at 100.7…
Chart of the week: Can Australia's Federal Budget afford to ease the squeeze on consumers?
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Economic Update
03 April 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Budget balance as a % of nominal GDP Source: Datastream, Australian Federal Budget, Congressional Budget Office. Australia’s Federal Budget promises to deliver a surplus of $7.1 billion in the next financial…
Statement by Philip Lowe, Governor: Monetary Policy Decision, April 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 outlook for the global economy remains reasonable, although growth has slowed and downside risks have increased. Growth in international trade has declined and investment intentions have softened in a number of countries. In China, the authorities have taken steps…
Chart of the week: Australia's labour market may be running out of positives
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In
Economic Update
22 March 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Australia’s employment vs population growth Source: Australian Bureau of Statistics. Australia’s labour market has been remarkably positive in…
Chart of the week: The dim sums on China's economic growth
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In
Economic Update
15 March 2019 Bob Cunneen, Senior Economist and Portfolio Specialist China’s production vs iron ore price Source: Datastream. China’s recent economic growth performance has been remarkably stable….
ThreeSixty Research Market Update – March 2019
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Economic Update
Highlights: The US economy is generally performing well, although recent GDP and PMI figures indicate growth is slowing, and February’s payroll numbers disappointed. Much of the bad news coming from China appears to have been priced in, with markets largely unperturbed by the latest downward move in China’s growth target. Markets appeared satisfied with the…
March Economic Update with Bob Cunneen
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Economic Update
Which key events have been driving markets? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty.
Chart of the week: Australia's economy 'brakes' back into the slow lane
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In
Economic Update
7 March 2019 Bob Cunneen, Senior Economist and Portfolio Specialist Australia’s economic growth – real GDP vs real GDP per capita Source: Australian Bureau of Statistics. The Australian economy is back in the slow lane. Australia’s real…
Chart of the week: Is money too tight to mention in Australia?
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In
Economic Update
27 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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In
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…