Stephen Walters, Chief Economist

AICD Chief Economist Stephen Walters discusses the economic news and issues that are affecting Australian boards.

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Weekly Updates

Each Monday, Stephen Walters provides an update on the economic week that was, and the week that will be. You can follow Stephen’s updates here.

Another month…another big jobs gain

Today the Australian Bureau of Statistics released another jobs report that significantly beat economists’ expectations. Employment rose nearly 35,000 places in net terms last month, more than d...

Retail sales surprise: strongest in five years

Nationwide retail spending unexpectedly bounced in the month of November. Economists had expected soft(ish) growth only 0.4% over the month, following the 0.5% rise in October.

Aussie economy sustained momentum in Q3

The Australian Bureau of  Statistics today released the National Accounts, 92 pages of detailed statistics on the performance of Australia’s economy.

“No change” ends a year of RBA inertia

The Reserve Bank of Australia (RBA) board met today for the final time this year. As had been anticipated by all 28 local economists surveyed by Bloomberg, the board left the cash rate steady at the a...

More green shoots on investment outlook

The latest official statistics on private business investment, released today, showed the emergence of more green shoots on the capital expenditure (capex) outlook.

National unemployment rate dips to 5.4%

The official October jobs report, released today, was not quite as good as some of those released earlier this year, but still contained mainly good news. There was yet another rise in net employment ...

RBA avoids spoiling Cup Day – no change!

The Reserve Bank of Australia (RBA) board meeting today in Sydney resolved to leave the cash rate steady at 1.5%, as all economists Bloomberg surveyed last week had expected. Board members now have ma...

Yet another poor retail sales report

Nationwide retail spending disappointed yet again in today’s official report.

Inflation benign despite energy price surge

The annual rate of inflation in Australia unexpectedly dipped last quarter, despite the much-publicised hefty spikes in energy prices.
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