The return of Japanese traders to their desks after a long weekend break has seen some reduction in volatility in Yen today following the spike from last week’s meeting while Chinese stocks are broadly unchanged while the local market is absorbing a poor retail sales print. This sent the Australian dollar down to just above
The post Macro Afternoon appeared first on MacroBusiness.
On April 25, along Melbourne’s arterial Swanston Street, the military parade can be witnessed with its bannered, medalled upholstery, crowds lost in metals, ribbons and commemorative decor. Many, up on their feet since the dawn service, keen to show the decorations that say: “I turned up”. Service personnel, marked by a sprig of rosemary. The…
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This is Australia for you. Run by the Rum Corps for the Rum Corps: The NSW government and Origin Energy are in talks to extend the lifespan of the state’s largest coal power station by four years, an arrangement that should it materialise will ease concerns about blackouts and price rises but ignite a firestorm
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NSW leans to lengthy extension to Australia’s largest coal generator in blow to renewable transition
Independent economist Tarric Brooker’s analysis of data from the most recent Census revealed a significant increase in the proportion of Australian households residing in rented housing over the 20 years leading up to 2021: As shown above, households between the ages of 25 and 64 have been the main drivers of this increase in renting
The latest temporary visa data from the Department of Home Affairs shows that the total number of student visa holders in Australia rose to 671,000 in March 2024, up 60,000 from the 2019 pre-pandemic peak: The total number of graduate visa holders has doubled over the pandemic to a record high of 200,000: This means
You simply cannot have the universe’s largest property crash and keep growth running consistently. In April , the manufacturing purchasing managers index ( PMI ) was 50.4% , down 0.4 percentage points from the previous month. It has been in the expansion range for two consecutive months. The manufacturing industry continues to maintain a recovery and development trend. Still growing but
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Australians have recently endured their sharpest fall in real wages and disposable incomes on record. Nominal wage growth in Australia has badly lagged our developed economy peers: Australian real wages were tracking 6.9% below their June 2020 peak in December 2023 after falling to September 2010 levels: Real Australian household disposable income also fell by
Australia’s world-record decline in household disposable income continues to drag down retail sales. The Australian Bureau of Statistics (ABS) reported that the value of retail sales fell by 0.4% in March to be up only 0.8% year-on-year in nominal terms: Most importantly, durable retail sales collapsed by 1.6% over the month to be down 0.4%
7News reported that 20 to 40-storey apartment towers will be built in middle-ring suburbs located along the 90-kilometre Suburban Rail Loop (SRL): The state government claims it will create 70,000 new homes to help cater for a population of nine million Melburnians by 2056: However, local councils claim they didn’t get a say on the