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 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

RBA Watch

RBA to hike rates to 3.60% by early-2023

With the unemployment rate falling to fresh lows and consumer spending remaining resilient, another 50bp hike at the upcoming meeting of the Reserve Bank of Australia on 6 th September is all but...

30th August 2022 · 8 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

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 Data Response

Australia Wage Price Index (Q2)

Wage growth surpassed its pre-virus peak in Q2 and will jump above 3% this quarter due to a surge in the minimum wage and a tightening labour market.

17th August 2022 · 3 mins read

Australia & New Zealand Economics Update

Higher migration not enough to cool labour market

An increase in the permanent migration programme will help to alleviate labour shortages. But the rapid tightening of the labour market in recent months has been driven by strong labour demand rather...

16th August 2022 · 2 mins read

Australia & New Zealand Data Response

International Trade (Jun. 2022)

The surge in Australia’s trade surplus to yet another record-high in June suggests that net exports will boost Q2 GDP growth by around 1%-pt though that tailwind will fade before long.

4th August 2022 · 3 mins read

Australia & New Zealand Economics Update

RBA will cut interest rates next year

The Reserve Bank of Australia revised up its inflation forecasts sharply when it lifted the cash rate by 50bp today and we expect it to hike rates more aggressively over coming months than most...

2nd August 2022 · 3 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Jul.)

Allowing for seasonal swings, house prices in July fell as much as they did at the height of the 2017-2019 downturn. With soaring mortgage rates weighing on affordability, prices will continue to fall...

1st August 2022 · 3 mins read

Australia & New Zealand Economics Weekly

Economy to slow more sharply than Treasurer expects

While we expect the economy hold up a bit better than the Treasurer in the near-term, aggressive policy tightening by the Reserve Bank of Australia will exacerbate the ongoing housing downturn...

29th July 2022 · 7 mins read