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Delta drags down jobs, retail trade and consumer confidence

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...

Unemployment rate below five per cent for first time in a decade

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...

RBA to taper monetary policy support

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...

Australia forecast to be older, poorer and smaller in future

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...

AICD and COVID-19 – information for members, clients, faculty and stakeholders.

In light of COVID-19, this page contains information about AICD services and the steps we are taking to safeguard the health of staff, members, clients, faculty and all other stakeholders.

Lockdown drags on business activity, payroll jobs and retail sales

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...

Unemployment falls to pre-pandemic 5.1 per cent

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...

Business conditions hit record high, consumer confidence slips

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 ...

Avoid the pitfalls that could lead to insolvency

Despite its economic toll, COVID-19 has not yet led to an uptick in insolvent companies entering external administration or individuals declaring bankruptcy. In fact, the reverse is true. However, wit...

Output now above pre-pandemic level

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...
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