Australia & New Zealand Chart Pack Australia won’t stay ahead for long The rebound in GDP growth in Australia in the fourth quarter and the easing in New Zealand appear to imply that the neighbouring nations are experiencing a change of fortunes. But we doubt this is a... 23rd March 2017 · 1 min read
Australia & New Zealand Chart Pack Overshoot in business confidence The notable improvement in a number of leading activity indicators in the past month or so is consistent with a sizeable pick-up in GDP growth in Australia. But we remain cautious about the prospects... 22nd February 2017 · 1 min read
Australia & New Zealand Chart Pack External sector won’t fuel a rapid rebound The Australian economy has started to reap some benefits from the rise in key commodity prices towards the end of last year. Most obviously, the trade balance has swung into surplus for the first... 19th January 2017 · 1 min read
Australia & New Zealand Chart Pack Rising risk of recession The 0.5% q/q fall in GDP in the third quarter and the weak tone of October’s international trade data have raised the chances that Australia will experience its first recession in 25 years. We wouldn... 21st December 2016 · 1 min read
Australia & New Zealand Chart Pack New Zealand trumps Australia The recent earthquake in New Zealand may put a small dent in activity in the near-term, but it won’t prevent the economy from growing by around 3.5% next year. In fact, the extra boost to activity... 24th November 2016 · 1 min read
Australia & New Zealand Chart Pack Commodity prices turning into a tailwind The recent rise in the prices of some key commodity exports will go some way to boosting the national income of both Australia and New Zealand. The surge in the price of coal to a three-and-a-half... 25th October 2016 · 1 min read
Australia & New Zealand Chart Pack The envy of the advanced world The growth rates enjoyed by Australia and New Zealand in the second quarter continue to be the envy of most advanced nations. The 3.3% and 3.6% respective rises in GDP over the last year were much... 29th September 2016 · 1 min read
Australia & New Zealand Chart Pack Currencies remain a concern While the recent fall in the cash rate to record lows in Australia and New Zealand should help to support household spending, the effect on other areas of the economy may be more limited. For one, we... 24th August 2016 · 1 min read
Australia & New Zealand Chart Pack Shrugging off global and domestic uncertainty The early evidence suggests that businesses and households in Australia have not been ruffled by the UK’s vote to leave the EU and Australia’s close Federal election result. Admittedly, consumer... 21st July 2016 · 1 min read
Australia & New Zealand Chart Pack Underlying inflation to remain low While GDP growth was stronger than expected in Australia and New Zealand in the first quarter, this doesn’t alter our view that underlying inflation will remain low for a while yet. The Australian... 22nd June 2016 · 1 min read
Australia & New Zealand Chart Pack Non-mining investment failing to fill the hole Although GDP growth in Australia in the first quarter probably at least matched the 0.6% q/q rate in the fourth quarter of last year, the continued disappointment is the failure of non-mining... 26th May 2016 · 1 min read
Australia & New Zealand Chart Pack Stronger dollars a major threat to outlook The recent rise of the Australian and New Zealand dollars will prevent GDP growth from strengthening this year and will keep core inflation at uncomfortably low levels. This is particularly true in... 20th April 2016 · 1 min read
Australia & New Zealand Chart Pack Housing market running out of puff More worrying than the 0.5% q/q seasonally adjusted fall in the ABS measure of Australian house prices in the fourth quarter of last year (+0.2% q/q unadjusted) is that the subsequent rebound is... 22nd March 2016 · 1 min read
Australia & New Zealand Chart Pack Equities won’t drag the economy down The slump in equity prices since the turn of the year is unlikely to be followed by a similar slump in economic growth in Australia, especially now that equity prices are rebounding. Over the past 20... 23rd February 2016 · 1 min read
Australia & New Zealand Chart Pack Market turmoil not a major economic threat…yet The sharp falls in equity prices since the turn of the year are unlikely to prompt households or businesses to rein in their spending. In fact, when set against some measures of domestic activity, it... 4th February 2016 · 1 min read
Australia & New Zealand Chart Pack Rebound won’t be sustained Australia and New Zealand both staged impressive rebounds in the third quarter, with GDP rising by 0.9% q/q in each economy on the back of a large boost from net exports. However, neither economy will... 22nd December 2015 · 1 min read
