BUSINESS CYCLES – AUSTRALIA

Seven edges out Nine in TV ads

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Original article by Darren Davidson
The Australian – Page: 19 : 28-Jan-15

New data from KPMG show that the overall Australian metropolitan free-to-air TV advertising market suffered a 3.04% decline in the first six months of 2014-15, to $A1.5bn. This contrasts with growth a year earlier of 5.01% to $A1.6bn. However that period was marked by the federal election campaign, and Seven West Media chief revenue officer Kurt Burnette argues the slump now is merely cyclical rather than structural. His group lifted its share by 0.66% to 40.4%. Nine Entertainment also gained, while Ten Network saw its share fall from 21.52% to 20.4%

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SMI MEDIA INCORPORATED, KPMG AUSTRALIA PTY LTD, FREE TV AUSTRALIA LIMITED, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, YOUTUBE INCORPORATED, NETFLIX INCORPORATED

How we spent the mining bonanza

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Original article by Matt Wade
The Sydney Morning Herald – Page: 4 : 25-Aug-14

A new study, "The Effect of the Mining Boom on the Australian Economy", has been published by the Reserve Bank of Australia. Authors Peter Downes, Kevin Anslow and Peter Tulip show that consumers saw a benefit from the resources boom due to two main factors. Income levels rose, and the foreign exchange rate was also lifted and made imports cheaper. This in turn meant a fall in car prices of 15% and one of 11% for household goods. Sales of these items were up 30% and 20% respectively as a result. The jobless rate is also some 1.25% lower than it would have been without the boom

CORPORATES
RESERVE BANK OF AUSTRALIA

A fresh take on what we’re calling a crisis

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Original article by Laura Tingle
The Australian Financial Review – Page: 10 : 24-Jun-14

Forecasts of economic crisis after the investment phase of the mining boom could prove ill-founded, and the boom could prove less significant than thought. Reserve Bank of Australia board member John Edwards claims that other forces have often surmounted the impact of higher commodity prices on the domestic economy. Edwards notes that output grew faster in the decade preceding the resources boom than it has in the aftermath. He adds that rather than being complacent, Australians have been saving, investing, learning and working more

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIAN LABOR PARTY