Population in Australia
Australia - PopulationThe Australian economy seems to have recovered in Q4 from Q3’s shock contraction, a trend which is likely to have carried over into Q1 2017. Retail sales were up over the course of Q4, as were exports, which benefited from improving commodity prices. Consumer and business confidence continued to improve at the outset of 2017, which could have positive knock-on effects on consumer spending and business investment. However, January labor market data showed continued strong growth in part-time employment, which together with soft wage growth could temper any benefit to retail sales from improving consumer confidence. Overall, the Australian economy seems to be on a relatively solid footing at the start of the year, despite weaknesses in non-mining business investment, as highlighted by the IMF in its most recent Article IV.
Australia - Population Data
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.76||0.18 %||Mar 23|
|Exchange Rate||0.77||-0.08 %||Mar 23|
|Stock Market||5,754||0.38 %||Mar 23|
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March 16, 2017
Seasonally-adjusted employment decreased by 6,400 jobs in February compared to the previous month, which contrasted the 13,500 new jobs created in January.
March 15, 2017
The Westpac-Melbourne Institute Survey of Consumer Sentiment was virtually unchanged in March, rising just 0.1% from February’s 99.6 to 99.7.
March 14, 2017
The business confidence index produced by the National Australia Bank (NAB) fell to 7 points in February, below the 10 points registered in January.
March 7, 2017
At its 7 March monetary policy meeting, the Reserve Bank of Australia (RBA) held its cash rate steady at 1.50%, an all-time low after two 25 basis-point rate cuts in 2016.
March 6, 2017
Nominal retail sales growth in January was 0.4% month-on-month in seasonally adjusted terms, contrasting the 0.1% contraction in December.