Govt: Australia

The OECD Economic Outlook released today provides further evidence that Australia is outperforming every other advanced economy in the face of a savage global recession. This report confirms that...

Read More | Comment | Send to a Friend | Written: 26-06-09

'Future looks good' for retailers

New research released today in the June ARA Australian Retailers Index revealed a 24 percent jump in confidence among SME retailers over the past quarter, with confidence rising to its highest...

Read More | Comment | Send to a Friend | Written: 25-06-09

Consumer Sentiment soars as economy ‘escapes’ recession

The Westpac–Melbourne Institute Index of Consumer Sentiment rose by 12.7% in June from 88.8 in May to 100.1 in June. Westpac Chief Economist, Bill Evans, commented, "This is a truly...

Read More | Comment | Send to a Friend | Written: 10-06-09

It's official - Australia is not in recession!

The Australian economy expanded by 0.4 per cent in the March quarter, meaning we are not in a recession! Technically a recession is two consecutive quarters of economic contraction, so these...

Read More | Comment | Send to a Friend | Written: 03-06-09

Govt: Positive growth for the Australian economy

Today's National Accounts show the Australian economy has outperformed every other advanced economy in the March quarter, recording positive growth in the face of a savage global recession. GDP...

Read More | Comment | Send to a Friend | Written: 03-06-09

Govt: The nation's largest trade surplus in recorded history

Today's release of the Balance of Payments shows the ABS estimates a further significant narrowing in the current account deficit in the March quarter to $4.6 billion. This represents 1.5 per cent...

Read More | Comment | Send to a Friend | Written: 03-06-09

Govt: More than 78,000 Australians take up First Home Owners Boost

New figures show that the Rudd Government's Nation Building Economic Stimulus Plan is continuing to support jobs in the housing sector with more than 78,000 Australians taking up the First Home...

Read More | Comment | Send to a Friend | Written: 03-06-09

Economy stabilises, RBA holds rates

ARA: consumers coming out of hibernation Peak retail industry body the Australian Retailers Association (ARA) said the Reserve Bank of Australia (RBA) can see signs of emerging confidence and...

Read More | Comment | Send to a Friend | Written: 03-06-09
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Did you know?

Despite all the speculation and fear-mongering in the media over the last few months, Australia's economy continues to defy expectations - unemployment actually went down in April!

  • Employment rose by 27,300 in April. Employment has only fallen only five times in the last 22 months - reflecting the fundamental strength of the labour market.
  • Employers continue to rely on a  more flexible labour market with full-time positions rising by 49,100, while part-time jobs fell by 21,800.

Source - CommSec Economic Insights 7/5/09

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