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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 remarkable result. It is the second largest recorded increase in the Index since the survey began in 1974 and the
largest increase in the last 22...
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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 stability in the economy by leaving the official cash rate unchanged at three percent today.
ARA Executive Director Richard Evans said today's interest...
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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 Owners Boost by the end of April.
April saw the highest take-up so far of the First Home Owners Boost - 18,736.
ABS Building Approvals figures out...
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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 of December quarter 2008 nominal GDP and is the lowest current account deficit as a proportion of GDP since the September quarter 2001.
The...
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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 rose by 0.4 per cent in the March quarter to be 0.4 per cent higher through the year, boosted by early and substantial policy actions by the Rudd...
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Australia’s housing industry is set to recover off the back of a pick-up in new home sales, according to the latest survey by the Housing Industry Association (HIA) of the nation’s largest builders.
New home sales in April increased for the fourth month in a row, to be 22 per cent above the low point in December of last...
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Delegates at the FCA’s QLD State Conference, held on Friday 8th May, were told about strong growth in QLD based national franchises.
Delivering a keynote address, PoolWerx CEO John O’Brien reported that sales and profitability for his business were up in the first 4 months of 2009, with sales growth of 19% compared to the last 4...
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Australia has topped a poll as the best country in the world for surviving the current economic downturn, living up to our reputation as 'the lucky country'.
The Servcorp study of 7,500 international businesspeople from more than 24 nations asked respondents to identify which country they thought was performing the best in the current economic...
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The Chinese economy continued to show signs of improvement in the latest April data. Retail sales rose at a 14.8 per cent annual rate but were even higher in real terms. And industrial production expanded at a 7.3 per cent annual rate.
Just like other parts of the globe, China has been impacted by the Global Financial...
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Peak retail industry body the Australian Retailers Association (ARA) has applauded the Federal Budget's initiatives focused on supporting SME retailers during the global financial crisis (GFC).
ARA Executive Director Richard Evans said retailers had been struggling with reduced consumer demand for over 12 months and welcomed the...
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