by Josh Wingrove | Jun 4, 2018 | Economic update, Monday Market Madness
Business capital spending was a notable data point last week with a fall in building and structures investment (down 1.3%) offset by a rise in equipment investment (up 2.5%) to see new capital spending rise 0.4% over the March quarter. This fell short of market...by Josh Wingrove | May 28, 2018 | Economic update, Monday Market Madness
A quiet week for the Australian economy with limited economic releases ahead of this week’s national building approvals and private sector capital spending figures. Construction work value figures were released that highlighted some weakness in the quarter for...by Josh Wingrove | May 21, 2018 | Economic update, Monday Market Madness
Australian wage inflation was released last Wednesday with overall wage growth of 0.5% for the March quarter disappointing market expectations. Annual wage inflation remained flat at 2.1% for the year (Dec-17: 2.1%) This came against a backdrop of a looser labour...by Josh Wingrove | May 14, 2018 | Economic update, Monday Market Madness
The Australian Budget was released last week with more stimulatory measures and less of the punitive policies that marked the tenure of Prime Minister Abbott. Very much in the mould of an “election Budget” with notable winners including consumers with personal income...by Josh Wingrove | May 7, 2018 | Economic update, Monday Market Madness
The Reserve Bank of Australia (RBA) left interest rates unchanged at 1.50% in line with consensus expectations. Notable callouts include the focus on maintaining the RBA forecasts for growth and inflation at above 3 per cent and above 2 per cent for 2018 respectively....by Josh Wingrove | Apr 30, 2018 | Economic update, Monday Market Madness
Australian CPI data was out last week with headline inflation rising 0.4% over the quarter (consensus: 0.5%) disappointing market expectations. Housing (up 0.7%) and Transport (up 1.1%) rose, driven by rising gas and fuel costs respectively. This however was offset by...