Australia & New Zealand Data Response

Australia GDP (Q3 22)

The decent rise in Q3 GDP probably marks the last hurrah for Australia’s economy as tighter monetary policy and falling real incomes weigh on spending.

7th December 2022 · 3 mins read

Australia & New Zealand Data Response

Australia Private Capex Survey (Q3 2022)

Private investment rebounded last quarter and while firms’ projections at face value point to a further pick-up over the remainder of the financial year, the figures are consistent with a slowdown in...

1st December 2022 · 2 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Nov.)

House prices continued to fall at a rapid rate in November and with housing affordability now the most stretched since the early 1990s, that downturn has much further to run.

30th November 2022 · 3 mins read

Australia & New Zealand Data Response

CPI Indicator (Oct.) & Construction Work Done (Q3)

We wouldn’t read too much into the drop in the Monthly CPI Indicator in October because the figures don’t cover the entire CPI basket, but the data suggest that inflation is about to peak.

30th November 2022 · 3 mins read

Australia & New Zealand Data Response

Retail Sales (Oct. 2022)

Following a strong eight consecutive rises since the start of the year, the decline in retail sales in October isn’t a disaster. A fall in sales volumes across Q4 now looks very likely but we suspect...

28th November 2022 · 2 mins read

Australia & New Zealand Data Response

Australia Labour Market (Oct. 2022)

Australia’s labour market held up well in October, consistent with our expectations for a near-term acceleration in wage growth and a further 100bps of rate hikes by the RBA. But we think employment...

17th November 2022 · 2 mins read

Australia & New Zealand Data Response

Australia Wage Price Index (Q3)

Wage growth climbed above 3% in Q3 for the first time since 2013 and we expect it to climb further to 3.5% by the middle of next year.

16th November 2022 · 2 mins read

Australia & New Zealand Data Response

Australia International Trade (Sep. 2022)

While the trade surplus bounced back in September, we’ve pencilled in a drag from net trade to Q3 GDP growth as export volumes probably didn’t rise fast enough to offset a surge in imports.

3rd November 2022 · 2 mins read

Australia & New Zealand Data Response

Labour Market (Q3 2022)

New Zealand’s labour market remained very tight last quarter and coupled with the continued strength in inflation. the RBNZ will probably hike by 75bp in a couple of weeks.

1st November 2022 · 2 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Oct.)

The worst of the housing downturn is probably behind us but we still expect prices to fall by another 10% following the 1.1% m/m drop in October.

1st November 2022 · 3 mins read

Australia & New Zealand Data Response

Australia Retail Sales (Sep. 2022)

-We are resending this publication due to an error in the previous email. We apologise for any inconvenience caused.- While retail sales kept rising for the ninth consecutive month in September...

31st October 2022 · 2 mins read

Australia & New Zealand Data Response

Australia Consumer Prices (Q3 2022)

Inflation was stronger than expected last quarter and will rise further in Q4. That’s consistent with our forecast that the Reserve Bank of Australia will hike rates more aggressively than most...

26th October 2022 · 2 mins read

Australia & New Zealand Data Response

Australia Labour Market (Sep. 22)

Australia’s labour market is starting to sputter but with unemployment set to remain low, the RBA will continue to hike interest rates.

20th October 2022 · 2 mins read

Australia & New Zealand Data Response

Consumer Prices (Q3 2022)

The much stronger than expected rise in consumer prices in Q3 will encourage the Reserve Bank of New Zealand to hike rates by another 50bp at its November meeting and poses upside risks to our view...

17th October 2022 · 2 mins read

Australia & New Zealand Data Response

International Trade (Aug. 2022)

The further fall in the trade surplus in August largely reflects a plunge in export prices and net trade should still provide a small boost to Q3 GDP. But with commodity prices now clearly down from...

6th October 2022 · 3 mins read