Australia & New Zealand Data Response

Australia- Retail Sales (Jun./Q2 2021)

The decent rise in real retail sales last quarter is consistent with a further rise in consumption in Q2. But given the lockdowns in Q3, we expect consumption to decline before long.

4th August 2021 · 2 mins read

Australia & New Zealand Data Response

New Zealand- Labour Market (Q2 2021)

The decline in the unemployment rate to 4.0% all but confirms our forecast that the RBNZ will hike rates at its August meeting.

4th August 2021 · 2 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Jul.)

House prices are continuing to surge and forward indicators suggest the upswing has a little further to run. Even so we think house price growth will slow in 2022.

2nd August 2021 · 2 mins read

Australia & New Zealand Data Response

Australia Consumer Prices (Q2 2021)

Most of the surge in inflation in Q2 was driven by base effects that will unwind over the next couple of quarters, but we think that inflation will remain stronger than the RBA is anticipating.

28th July 2021 · 3 mins read

Australia & New Zealand Data Response

New Zealand Consumer Prices (Q2)

We had already expected the RBNZ to hike rates in August and the surge in inflation in Q2 only bolsters our confidence in that forecast.

16th July 2021 · 2 mins read

Australia & New Zealand Data Response

Australia Labour Market (Jun.)

The labour market continued to tighten in June and while the lockdown in New South Wales may result in some bumps over the next couple of months, we expect wage growth to accelerate soon.

15th July 2021 · 2 mins read

Australia & New Zealand Data Response

Australia: Retail Sales (May 2021)

Retail sales are sure to decline in June as the impact of the recent lockdowns weighs on household consumption. Even so, the rise in retail sales in May means the risks to our forecast the consumption...

5th July 2021 · 2 mins read

Australia & New Zealand Data Response

Australia International Trade (May 2021)

While export values hit a record high in May, this was largely driven by soaring export prices and export volumes probably dropped back. However, we think that the drag from net trade on GDP growth...

1st July 2021 · 2 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Jun.)

House prices are continuing to surge and forward indicators suggest the upswing has a little further to run. But we suspect the boom will peter out by the end of the year and prices will decline a...

1st July 2021 · 2 mins read

Australia & New Zealand Data Response

Australia Labour Market (May)

The surge in employment in May demonstrates that the labour market is continuing its extraordinary rebound which supports our call for the RBA to move to a flexible asset purchase programme in July.

17th June 2021 · 2 mins read

Australia & New Zealand Data Response

New Zealand GDP (Q1 2021)

The solid rise in activity in Q1 means that New Zealand easily avoided a second technical recession and we expect GDP to continue its rebound over the rest of 2021.

17th June 2021 · 2 mins read

Australia & New Zealand Data Response

International Trade & Retail Sales (Apr.)

The trade surplus widened again in April but that was largely driven by higher commodity prices. Export volumes will need to recover further in the months ahead to prevent trade from being a drag on...

3rd June 2021 · 2 mins read

Australia & New Zealand Data Response

Australia GDP (Q1 2021)

Australia's GDP surpassed its pre-virus level in Q1 but with the vaccination rollout still slow and a fresh lockdown in Melbourne, the recovery is set to slow.

2nd June 2021 · 2 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (May)

House prices are surging but forward indicators point to growth slowing in the months ahead. Indeed, we suspect prices may decline a little in 2021.

1st June 2021 · 2 mins read

Australia & New Zealand Data Response

Australia Private Capex Survey (Q1)

We estimate that private investment rose by 4.1% q/q in Q1 and firms’ expectations of future capital expenditure suggest the strong rebound in investment is set to continue in the months ahead.

27th May 2021 · 2 mins read