It’s getting cheaper to fly around Australia. Unless you’re sitting in business. Commsec, citing data released by the Bureau of Infrastructure, Transport and Regional Economics (BITRE) earlier today, notes that discount airfares fell by 6.2% in the year to August, continuing the price deflation seen for much of the past […]
From a holistic perspective, Australia’s economy is doing pretty well at present. Economic growth, at 3.1% year-on-year, is running above trend, unemployment is edging lower and employment is increasing at a decent clip, largely due to improved operating conditions across the nation’s vast services sector. However, beneath the surface, the […]
When discussion turns to Australian exports, most people immediately think of commodities, particularly iron ore, coal and more recently, LNG. It’s an understandable reaction given Australia’s long-standing reputation as a major commodity exporting nation. But it’s not just about commodities. The nation’s natural beauty, well-regarded education system and proximity to […]
For the second quarter in a row, Australia’s economic growth has beaten expectations. In the three months to December the economy expanded 0.6%, above forecasts for a gain of 0.4%, leaving the year-on-year growth rate at a two-year high of 3.0%. The increase, the 19th quarterly rise in a row, […]
Australians overwhelmingly believe their nation remains a great place to live, despite plenty of negativity suggesting otherwise. That’s the findings of the NAB’s second annual “What makes Australia a great place to live?” survey with 99% of respondents indicating they think it it’s so. According to Alan Oster, chief economist […]
Earlier this afternoon the RBA left interest rates on hold at 2.0% following its November policy meeting. On balance, the statement strikes a slightly more optimistic tone than that seen in October, although the board has left the door open to further interest rate cuts by inserting an easing bias […]
Low growth to be the norm, not the exception.