September Unemployment 5.2%, Forecast To Climb
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October 17, 2019
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Australia’s unemployment rate has reportedly remained steady at 5.2% easing pressure on the Reserve Bank of Australia, though forecasts predict this reprieve... Read More
Oz Consumer Confidence Slips
Consumer confidence has reportedly slipped to a four year low as concern rises over the Reserve Banks decision to cut interest rates... Read More
August Unemployment 5.3% Despite Jobs Surge
Australia’s unemployment rate has exceeded economist expectations, notching 5.3% in August despite creating 34,700 new jobs – more than double the ~15,000... Read More
May Retail Sales Soft
Australian retail sales grew ever so slightly in May, with the expected (and then delivered) Reserve Bank interest rate cut being credited... Read More
Kmart Beat Costco, Amazon Customer Satisfaction
Wesfarmers-owned discount department store, Kmart, has beat Costco, Big W and Amazon Australia in customer satisfaction, as per latest Roy Morgan data.... Read More
Eftpos Protest: RBA Urged To Regulate Digital Wallets
The Reserve Bank should move to regulate the fast-growing “digital wallet” market, according to the Eftpos group, which describes itself as Australia’s... Read More
February Retail Sales Smash Forecasts
Australian retail sales soared 0.8% in February, trumping analyst expectations for a 0.3% jump. It follows a disappointing 0.1% lift in January.... Read More
RBA Downgrades Annual Inflation Forecast
The Reserve Bank has officially downgraded its 2018 inflation forecast, expecting core and underlying inflation to climb 1.75% by December – down... Read More
Q1 Wage Growth Slumps Below Forecasts
Latest numbers from the ABS reveals Australian wages jumped 0.5% [seasonally adjusted] in Q1, notching a 2.1% year-on-year increase. Despite a rise in job openings,... Read More
Tap-And-Go Costs: Banks Warned
SYDNEY – The Reserve Bank has warned Australian banks that they risk further regulation if they fail to address retailers’ concerns over... Read More
