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Delta drags down jobs, retail trade and consumer confidence
23 July 2021 | Mark Thirlwell MAICD
It was a relatively quiet week on the data front, but those releases we did receive largely confirmed that the Delta variant of COVID-19 and the state lockdowns led by New South Wales are now having a...
Economics
COVID-19
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Unemployment rate below five per cent for first time in a decade
16 July 2021 | Mark Thirlwell MAICD
Australia’s unemployment rate fell to just 4.9 per cent in June, its lowest rate since December 2010. The New South Wales government has extended its lockdown of Greater Sydney, raising ri...
Economics
COVID-19
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RBA to taper monetary policy support
9 July 2021 | Mark Thirlwell MAICD
At its 6 July 2021 meeting, the RBA decided to stick with the April 2024 government bond as its yield curve target, meaning that the maturity of that target will fall over time. The central bank also...
Economics
COVID-19
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Australia forecast to be older, poorer and smaller in future
2 July 2021 | Mark Thirlwell MAICD
The ABS said that the number of job vacancies jumped to a record high of 362,500 in May 2021, up 57 per cent (132,000) from pre-pandemic levels. CoreLogic reported that national house prices rose 1.9...
Economics
COVID-19
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Lockdown drags on business activity, payroll jobs and retail sales
25 June 2021 | Mark Thirlwell MAICD
The Flash Australia Composite PMI fell for a second successive month in June, pulled down by COVID-19 restrictions in Victoria and supply-side strains. Even so, private sector activity continues to e...
Economics
COVID-19
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Unemployment falls to pre-pandemic 5.1 per cent
18 June 2021 | Mark Thirlwell MAICD
The ABS said that Australia’s unemployment rate fell to 5.1 per cent in May this year as employment rose by more than 115,000 people. Minutes from the 1 June Monetary Policy Meeting of the Reser...
Economics
COVID-19
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Business conditions hit record high, consumer confidence slips
11 June 2021 | Mark Thirlwell MAICD
NAB’s monthly index of business conditions rose to another record high in May, propelled by record results for employment, profitability and trading conditions, although business confidence did ...
Economics
COVID-19
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Output now above pre-pandemic level
4 June 2021 | Mark Thirlwell MAICD
Australia’s real GDP rose 1.8 per cent over the March 2021 quarter to be 1.1 per cent higher over the year. Strong contributions from consumption, the housing sector and business investment on machin...
Economics
COVID-19
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Private investment jumps in Q1
28 May 2021 | Mark Thirlwell MAICD
The unemployment rate fell for a sixth consecutive month in April dropping to 5.5 per cent in a result that suggests Australia’s labour market is taking the end of the JobKeeper program in its stride....
Economics
COVID-19
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Post-JobKeeper unemployment rate falls to 5.5 per cent
21 May 2021 | Mark Thirlwell MAICD
The unemployment rate fell for a sixth consecutive month in April dropping to 5.5 per cent in a result that suggests Australia’s labour market is taking the end of the JobKeeper program in its stride....
Economics
COVID-19
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