ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Australian Consumer Confidence falls again – down 4.1pts to 114.3

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Sep-16

ANZ-Roy Morgan Australian Consumer Confidence has fallen fell for the second week in a row, down 3.5 per cent to 114.3 in the week ending 4 September 2016. The sizeable decline more than offset the jump in confidence three weeks ago, which took the index to a 33-month high. The decline in confidence was largely driven by households’ views over the economic outlook. Households’ views of the economic outlook in the next 12 months fell by 7.6 per cent, while consumers’ views of their current and future finances fell by 2.7 per cent and 1.2 per cent respectively.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

China land ownership tiny

roymorgansocial Leave a comment

Original article by Simone Fox Koob
The Australian – Page: 5 : 7-Sep-16

New data shows that Chinese interests have bought only 1.4 million hectares of the 385 million hectares of agricultural land in Australia, which equates to less than 0.5 per cent. The Treasury report notes that foreign investors own 53 million hectares of the nation’s farmland, with British interests accounting for 27.5 million hectares. Treasurer Scott Morrison has stressed the importance of foreign investment to the domestic economy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, S KIDMAN AND COMPANY PTY LTD, DAKANG AUSTRALIA HOLDINGS PTY LTD

ANZ-Roy Morgan Australian Consumer Confidence falls after Olympics ends, but still at high levels – 118.4 (down 3.4pts)

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 31-Aug-16

ANZ-Roy Morgan Australian Consumer Confidence fell 2.8 per cent to 118.4 in the week ending 28 August 2016. The decline in confidence was entirely driven by households’ views of the economic outlook. Households’ views of the economic outlook in the next 12 months fell by 7.0 per cent, while consumers’ views of their current and future finances rose by 1.9 per cent and 0.4 per cent respectively.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Low $A, ad push to spur tourist growth

roymorgansocial Leave a comment

Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 26-Aug-16

Deloitte Access Economics states in its tourism and hotel market outlook that the number of international visitors rose by 10 per cent in 2015. Meanwhile, visitor spending has increased by 17.9 per cent over the past five years. The firm forecasts an annual average growth of 6.2 per cent in international visitors over the next three years.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, TOURISM AUSTRALIA PTY LTD

ANZ-Roy Morgan Consumer Confidence jumps to near three-year high of 121.8 (up 4.2pts) during Olympics

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 24-Aug-16

ANZ-Roy Morgan Australian Consumer Confidence rose by 3.6 per cent to 121.8 in the week ending 21 August 2016, to its highest level since November 2013. The improvement in confidence was broadly-based. Households’ views of the economic outlook in the next 12 months rose by 5.4 per cent, while consumers’ views of their current and future finances rose by 1.3 per cent and 1.4 per cent respectively.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Jobs growth makes for murky reading in census aftermath

roymorgansocial Leave a comment

Original article by Philip Baker
The Australian Financial Review – Page: 30 : 19-Aug-16

New data from the Australian Bureau of Statistics shows that the economy added 71,600 part-time jobs in July 2016, although it shed 45,000 full-time positions. Currency traders responded positively to the net gain of more than 26,000 jobs, with the Australian dollar peaking at $US0.7720 in local trading on 18 August. However, Kate Hicks of Capital Economics notes that some of the jobs would have been temporary ones associated with the census.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, CAPITAL ECONOMICS LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

Wages growth stuck at record low of 2.1pc

roymorgansocial Leave a comment

Original article by Ewin Hannan
The Australian Financial Review – Page: 3 : 18-Aug-16

The Wage Price Index for the June 2016 quarter indicates that wages growth has stagnated at 2.1 per cent for the past 12 months. Figures released by the Australian Bureau of Statistics on 17 August 2016 show that wages in the private sector increased by 1.9 per cent over the period, while the public sector recorded wages growth of 2.3 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, ACTU, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Australian real unemployment jumps to 10.5% (up 0.9%) in July during post-election uncertainty

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Aug-16

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate rose by 0.9 per cent to 10.5 per cent in July 2016. Some 1.365 million Australians (up 268,000 since July 2015) are now unemployed. Meanwhile, the number of people in the workforce has risen to 13,007,000 (up 334,000 since July 2015), and 11,642,000 Australians are employed (up 66,000 in the last 12 months). The number of people who are under-employed has risen by 194,000 in the last 12 months to 1,171,000 (9.0 per cent of the workforce). The official unemployment rate was 5.8 per cent in June 2016.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

ANZ-Roy Morgan Australian Consumer Confidence bounces back – up 2.9pts to 117.6

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Aug-16

ANZ-Roy Morgan Australian Consumer Confidence has risen by 2.5 per cent to 117.6 in the week ending 15 August 2016, largely offsetting the decline over the previous week. Sentiment is now 4.3 per cent above its long-run average. The improvement in confidence was driven by a sharp rebound in consumers’ views of the economic outlook. Households’ views of the economic outlook in the next 12 months rose by 9.6 per cent, while consumers’ views of their future finances rose by 1.7 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA

NAB forecasts more cuts in interest rates

roymorgansocial Leave a comment

Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 10-Aug-16

National Australia Bank expects the Reserve Bank to reduce the cash rate by another 50 basis points in the next 12 months, to a record low of one per cent. The banking major anticipates rate cuts in both May and August 2017. Meanwhile, NAB’s latest monthly survey shows that both business sentiment and business conditions declined in July 2016. Likewise, the ANZ Bank-Roy Morgan consumer sentiment index fell by 2.8 per cent in the first week of August.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ROY MORGAN RESEARCH LIMITED