Markets

Australian business conditions and profitability collapsed at the end of 2018

Australian business conditions deteriorated sharply late last year, tumbling by the most since the height of the GFC. They are now the weakest since late 2014. The deterioration was broad-based across states and industries. New orders declined and business confidence remained below trend, suggesting “conditions are unlikely to rebound”, according […]
Australian business conditions and profitability collapsed at the end of 2018
Markets

Australian employment surges again

Australia’s November jobs report has smashed expectations once again. According to the Australian Bureau of Statistics (ABS), employment jumped by 61,600 to 12.4 million in seasonally adjusted terms, easily topping forecasts for an increase of 19,000. It was the largest monthly increase since October 2015, helped in part by a […]
Australian employment surges again