Population in Australia
Australia - PopulationRecent divergent data make a definitive assessment of the current state of the economy rather difficult, but the overarching trend seems to suggest the economy is building on Q4 2016’s healthy GDP outturn. A stubbornly weak labor market, coupled with weak wage growth, has weighed on consumer sentiment, which has in turn dragged on retail sales. Adding to the fragile financial situation of highly indebted households, the RBA warned that the housing market might be oversupplied, which could point to softer house prices and slower housing investment. Taking a broader view, business confidence has nevertheless remained reasonably robust and in line with its historical average. Together with rising credit growth to the private sector, this suggests a pickup in non-mining business investment over the coming months and into next year. Underpinning the positive trend more broadly is the current upswing in commodity prices, which led to a positive trade balance in February. Should the momentum be sustained, it could boost income and tax revenues.
Australia - Population Data
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.44||-1.81 %||May 25|
|Exchange Rate||0.75||0.81 %||May 25|
|Stock Market||5,829||0.30 %||May 25|
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May 18, 2017
Seasonally-adjusted employment increased by 37,400 jobs in April compared to the previous month, down from the 60,000 new jobs created in March.
May 17, 2017
The Westpac-Melbourne Institute Index of Consumer Sentiment came in at 98.0 in May, down 1.1% from March’s 99.7.
May 9, 2017
Nominal retail sales in March contracted 0.1% month-on-month in seasonally adjusted terms, a marginal improvement on the 0.2% contraction in February.
May 8, 2017
The business confidence index produced by the National Australia Bank (NAB) rose to 13 points in April, up from the 6 points registered in March and the highest reading in over seven years.
April 27, 2017
In the first quarter of 2017, consumer prices rose 0.5% over the previous quarter, coming in below market expectations of 0.6% and matching Q4’s print.