Australia & New Zealand Data Response Australia CoreLogic House Prices (May) House prices fell at a faster rate in May and the recent slump in the number of properties sold relative to the number listed suggests that prices may soon be falling by about 5% a year. And that’s... 1st June 2018 · 1 min read
Australia & New Zealand Data Response Australia Private Capital Expenditure Survey (Q1) While the headline figures in the first-quarter private capital expenditure survey were only a little weaker than most had anticipated, the news on non-mining investment was particularly disappointing... 31st May 2018 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Apr.) Following outright falls in employment in February and March, the pace of job creation returned to a more normal rate in April. But even if this pace is sustained, we expect wage growth to remain... 17th May 2018 · 1 min read
Australia & New Zealand Data Response Australia Wage Price Index (Q1) & Consumer Confidence (May) With wage growth stuck in the mud at 2.1% in the first quarter and likely to stay there or thereabouts for a while yet, the prospect of an interest rate rise next year has diminished further. It also... 16th May 2018 · 1 min read
Australia & New Zealand Data Response Australia Retail Sales (Mar.) The sharper than anticipated easing in real retail sales growth in the first quarter points to a notable slowdown in real consumption growth last quarter. Moreover, the stagnation in nominal retail... 8th May 2018 · 1 min read
Australia & New Zealand Data Response Australia International Trade & Building Approvals (Mar.) While most of the other major economies have slowed in the first quarter, March’s international trade and building approvals figures suggest that the Australian economy strengthened markedly. 3rd May 2018 · 1 min read
Australia & New Zealand Data Response New Zealand - Labour Market (Q1) The labour market continued to strengthen in the first quarter, with employment posting another decent rise and the unemployment rate falling to its lowest level in almost a decade. And although wage... 2nd May 2018 · 1 min read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Apr.) House price inflation fell below zero in April for the first time since 2012 and with demand probably only going to be more constrained by lending conditions, we suspect that it will fall further into... 1st May 2018 · 1 min read
Australia & New Zealand Data Response Australia Consumer Prices (Q1) Even though in the first quarter underlying inflation essentially rose back within the RBA’s 2-3% target range for the first time in two years, we doubt this means that the RBA will raise interest... 24th April 2018 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Mar.) While the modest increase in employment in March was a notable break from the exceptionally large rises recorded over the past year, we are wary about sounding the alarm just yet given most leading... 19th April 2018 · 1 min read
Australia & New Zealand Data Response New Zealand Consumer Prices (Q1) The fall back in CPI inflation towards the bottom of the RBNZ’s 1-3% target range in the first quarter was partly due to government decisions rather than economic forces, but it nonetheless highlights... 19th April 2018 · 1 min read
Australia & New Zealand Data Response Australia Consumer Confidence (Apr.) Households remained fairly optimistic in April, despite the escalation in trade tensions between the US and China, with the Westpac measure of consumer confidence remaining above average for the fifth... 11th April 2018 · 1 min read
Australia & New Zealand Data Response Australia International Trade (Feb.) As Australia is more exposed than most other advanced economies to a further escalation of trade tensions between the US and China, the fall in its international trade surplus in February is... 5th April 2018 · 1 min read
Australia & New Zealand Data Response Retail Sales & Building Approvals (Feb.) While February’s retail sales and building approvals data sent mixed signals on the health of the overall economy, it is most likely that both consumption and dwellings investment will be weaker than... 4th April 2018 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Feb.) Australia does not have a problem creating jobs, as employment continued to grow at its fastest rate in a decade in February. But there is still a lot of slack in the market that will need to be used... 22nd March 2018 · 1 min read
Australia & New Zealand Data Response Australia ABS House Prices (Q4) The 1.0% q/q rise in ABS house prices in the fourth quarter overstates the health of the market at the end of last year and the more up-to-date CoreLogic data show that prices stagnated in the first... 20th March 2018 · 1 min read
