Australia & New Zealand Data Response

Australia Labour Market (Oct.)

The surge in employment in October largely preceded the relaxing of restrictions in Victoria so we expect that November data should show a further rise.

19th November 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - Wage Price Index (Q3)

The weakness in wage growth in Q3 was partly driven by the delay to the minimum wage increase but we still think overall wage growth will remain soft in the years ahead.

18th November 2020 · 2 mins read

Australia & New Zealand Data Response

International Trade (Sep.)

The widening of the trade balance in September was not enough to prevent trade from being a significant drag on growth in Q3.

5th November 2020 · 2 mins read

Australia & New Zealand Data Response

Australia Retail Sales (Sep./Q3)

The strong rebound in retail sales in Q3 was probably matched by a rebound in services consumption and has further to run as Victoria reopens.

4th November 2020 · 3 mins read

Australia & New Zealand Data Response

New Zealand Labour Market (Q3)

The rise in the unemployment rate to 5.3% in New Zealand in Q3 means the unemployment rate is close to its peak and we expect the labour market to tighten next year.

3rd November 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - CoreLogic House Prices (Oct.)

Australia’s housing downturn came to an end last month and we reiterate our forecast that house prices will rise by 7% in 2021, led by Sydney.

2nd November 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - Consumer Prices (Q3)

The surge in quarterly inflation in Q3 only unwound some of the weakness in Q2 and we still expect underlying inflation to remain weak for years to come.

28th October 2020 · 3 mins read

Australia & New Zealand Data Response

New Zealand - Consumer Prices (Q3)

The further easing in headline and underlying inflation in Q3 are consistent with our view that weak inflation will prompt the RBNZ to cut rates into negative territory next year.

23rd October 2020 · 2 mins read

Australia & New Zealand Data Response

Labour Market (Sep.)

The drop in employment in September was largely due to weakness in Victoria. As restrictions ease there, we expect the unemployment rate to fall again in the coming months.

15th October 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - International Trade (Aug)

The trade balance narrowed again in August and we think that trade was probably a drag on growth in the third quarter.

6th October 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - CoreLogic House Prices (Sep.)

The housing downturn continued its run in Sydney and Melbourne in September, but prices rose again in the other six capital cities and we think nationwide prices will reach a trough by the end of this...

1st October 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - Labour Market (Aug.)

August’s labour market data were much stronger than most had anticipated and we think that employment will continue to rise.

17th September 2020 · 2 mins read

Australia & New Zealand Data Response

New Zealand - GDP (Q2)

New Zealand’s GDP fell by 12.2% q/q in Q2 but while the second lockdown should weigh on the recovery in Q3 we still expect growth to rebound by more than 10% in Q3.

17th September 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - Retail Sales (Jul.)

Retail sales were 12% above pre-virus levels in July but the closure of non-essential shops in Victoria will weigh heavily on spending in August. That means that sales won’t rise all that much in Q3...

4th September 2020 · 2 mins read

Australia & New Zealand Data Response

Australia - International Trade (Jul.)

The fall in export values in July is consistent with our view that exports won’t rebound much in Q3, but the jump in import values suggests that domestic demand is now on the mend.

3rd September 2020 · 2 mins read