Australia & New Zealand Data Response Australia GDP (Q2 22) The 0.9% q/q rise in Australia’s Q2 GDP was broadly in line with the RBA’s expectations and won’t move the needle in terms of the size of the next rate hike. 7th September 2022 · 3 mins read
Australia & New Zealand Economics Update Aggressive tightening will be reversed next year The RBA lifted rates by 50bp today and dropped some hints that further tightening will be less aggressive. Even so, we still expect the Bank to hike rates more aggressively over coming months than... 6th September 2022 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Policy Meeting (Sep. 2022) 6th September 2022 · 2 mins read
Australia & New Zealand Rapid Response Australia GDP Partials (Q2 2022) 6th September 2022 · 2 mins read
Australia & New Zealand Economics Weekly Housing downturn starting to weigh on activity While the plunge in homebuilding last quarter reflected supply shortages more than weak demand, slumping home sales and house prices suggest that the downturn in dwellings investment has much further... 2nd September 2022 · 8 mins read
Australia & New Zealand Data Response Australia Private Capex Survey (Q2 2022) The continued rise in machinery and equipment investment in Q2 won’t offset a plunge in construction investment, but firms’ optimistic capital plans suggest this will prove short-lived. 1st September 2022 · 2 mins read
Australia & New Zealand Rapid Response Australia Private Capex (Q2 & 2022/23) 1st September 2022 · 2 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Aug.) House prices are falling at the fastest pace in four decades. While leading indicators of housing market activity remain consistent with a mild downturn, rapidly worsening affordability due to soaring... 1st September 2022 · 3 mins read
Australia & New Zealand Data Response Retail Sales (Jul. 2022) Not only did retail sales rise for the seventh consecutive month in July, the strong size of the increase strongly suggests that the Reserve Bank of Australia will hike rates by another 50bp next... 29th August 2022 · 3 mins read
Australia & New Zealand Economics Weekly Resilient activity points to aggressive RBA tightening While business surveys in other advanced economies point to shrinking activity, the are holding up much better in Australia. The resilience of Australia's consumer reflects the strongest rise in... 26th August 2022 · 6 mins read
Australia & New Zealand Economics Update Chinese property slump not a huge headwind If the slump in China’s property sector continues for much longer, Australia’s export revenue would take a hit as iron ore prices tumble. But there are good reasons to think that the impact on... 24th August 2022 · 4 mins read
Australia & New Zealand Chart Pack Housing downturn will weigh on activity before long Australia’s house prices are now falling at a similar rate as they did during the 2017-19 downturn, which was the largest in the country’s modern history. Home sales remain well above pre-pandemic... 22nd August 2022 · 12 mins read
Australia & New Zealand Economics Weekly Wage growth will surpass 3% next quarter While there are some early signs that the recovery in employment is sputtering, we aren't convinced that the labour market has turned for the worse just yet. With labour shortages still severe and the... 19th August 2022 · 4 mins read
Australia & New Zealand Data Response Australia Labour Market (Jul. 2022) We wouldn’t read too much into the first drop in employment since last year’s lockdowns. Indeed, the continued tightening of the labour market should encourage the RBA to press ahead with another 50bp... 18th August 2022 · 2 mins read
Australia & New Zealand Economics Update RBNZ will hike rates to 4% but cut next year The RBNZ lifted the overnight cash rate by 50bp to 3% today as everyone had anticipated and signaled that it will deliver another 50bp hike in October. We now expect the Bank to hike rates to a peak... 17th August 2022 · 5 mins read
