ECONOMIC INDICATORS – AUSTRALIA

Metro TV hit hard by advertising slowdown

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Original article by Jake Mitchell
The Australian – Page: 21 : 18-Oct-16

Australia’s advertising market has recorded overall growth of 1.6 per cent so far in 2016, although data from Standard Media Index shows that advertising expenditure declined by 4.6 per cent during September. Metropolitan free-to-air TV advertising fell by 8.9 per cent in September, while the overall TV ad market was down 7.7 per cent. The Seven Network boasted a 38.9 per cent share of the metropolitan ad market, ahead of the Nine Network with 35.9 per cent.

CORPORATES
SMI MEDIA INCORPORATED, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, IPG MEDIABRANDS

Property sentiment strengthens despite negatives

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Original article by Robert Harley
The Australian Financial Review – Page: 41 : 13-Oct-16

The ANZ/Property Council Survey of real estate and construction industry sentiment for the third quarter of 2016 shows an improvement of two percentage points in confidence. A net 29 per cent of property and construction executives and investors are optimistic about the prospects for the property sector over the next 12 months, compared with 27 per cent in the previous quarter. An improvement in confidence occurred in all states except Queensland and South Australia.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

ANZ-Roy Morgan Australian Consumer Confidence edges down 0.3% to 117.5

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Oct-16

ANZ-Roy Morgan Australian Consumer Confidence fell by 0.3 per cent to 117.5 in the week ended 9 October 2016, following a 2.2 per cent fall last week. The report was mixed – indicators of current conditions fell slightly while forward-looking indicators posted gains. Consumers’ views towards their current finances fell by 0.6 per cent, while views towards future finances rose 0.7 per cent. Households’ views of the 12-month economic outlook fell by 1.5 per cent, while views of the five-year economic outlook rose by 0.7 per cent.

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

In September Australian real unemployment is now 8.5% (up 0.2% in a year) and under-employment 7.7% (up 0.4%)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 11-Oct-16

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate rose fell by 1.9 per cent month-on-month to 8.5 per cent in September 2016, although it has risen by 0.2 per cent year-on-year. Some 1.101 million Australians (up 43,000 since September 2015) are now unemployed. Meanwhile, the Australian workforce has risen to 12,930,000 (up 166,000 since September 2015), and 11,829,000 Australians are employed (up 123,000 in the last 12 months). The number of people who are under-employed has risen by 66,000 in the last 12 months to 1,002,000 (7.7 per cent of the workforce). The official unemployment rate was 5.6 per cent in August 2016. Roy Morgan Research executive chairman Gary Morgan says the extensive loss of full-time jobs in the Australian economy presents a challenge to the Turnbull Government, and these problems are set to intensify over the next year. The Government’s proposed business tax cuts are a key part of its strategy to get the Australian economy moving again.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, QUEENSLAND NICKEL PTY LTD, GM HOLDEN LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, DICK SMITH HOLDINGS LIMITED, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, AUSTRALIAN LABOR PARTY

ANZ-Roy Morgan Australian Consumer Confidence falls 2.2% to 117.9

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Oct-16

ANZ-Roy Morgan Australian Consumer Confidence fell by 2.2 per cent to 117.9 in the week ended 2 October 2016, unwinding part of last week’s rise. The fall in the index was broad based, with each sub-index posting a small decrease. Consumers’ views towards their current and future finances fell by 2.7 per cent and 1.4 per cent respectively. Households’ views of the 12-month economic outlook fell by 2.1 per cent, while views of the five-year economic outlook fell by 1.4 per cent.

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

No rate cut likely as surveys back inaction

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Original article by David Uren
The Australian – Page: 2 : 4-Oct-16

The Reserve Bank of Australia is widely tipped to leave the cash rate unchanged on 4 October 2016. The findings of the Australian Industry Group’s latest manufacturing survey support the case for rates to be left on hold. It shows that business conditions improved in key sectors of the manufacturing industry during September. Other recent surveys has also been upbeat about business conditions.

CORPORATES
RESERVE BANK OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, DUN AND BRADSTREET (AUSTRALIA) PTY LTD

ANZ-Roy Morgan Australian Consumer Confidence jumps 4.4% (5.1pts) to 120.6

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 28-Sep-16

ANZ-Roy Morgan Australian Consumer Confidence rose by 4.4 per cent to 120.6 in the week ended 25 September 2016, more than offsetting the previous week’s decline. The improvement in confidence was broadly based. Consumers’ views towards their current and future finances rose by 5.4 per cent and 4.0 per cent respectively. Households’ views of the 12-month economic outlook rose by 6.0 per cent, while views of the five-year economic outlook improved by 3.6 per cent.

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

Explorers splash cash as prices improve

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 22-Sep-16

Data from accounting firm BDO shows that Australian-listed resources companies spent an average of $A418,000 on exploration in the June 2016 quarter. This is 16 per cent higher than in the March quarter, and represents the first quarterly increase in more than two years. The median exploration budget of small explorers increased from $A91,000 to $A115,000. There was also a large increase in the number of resources groups that raised at least $A10m from investors during the quarter.

CORPORATES
BDO CHARTERED ACCOUNTANTS AND ADVISERS, AUSTRALIAN INSTITUTE OF GEOSCIENTISTS

ANZ-Roy Morgan Australian Consumer Confidence dips – down 2.2% to 115.5

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 21-Sep-16

ANZ-Roy Morgan Australian Consumer Confidence fell by 2.2 per cent to 115.5 in the week ended 18 September 2016, unwinding some of the previous week’s gain. Last week’s sell-off in financial markets – which raised fears of a sharper correction across bonds and equities – was likely the main driver of the fall in confidence. Financial market weakness looks to have trumped the news of a dip in the unemployment rate to a three-year low of 5.6 per cent. The weakness in confidence was broadly based. Consumers’ views towards their current and future finances both declined 1.8 per cent. Households’ views of the 12-month economic outlook dropped 1.1 per cent while views of the five-year economic outlook dipped 1.4 per cent.

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

Gary Morgan’s comment on the Roy Morgan August real unemployment estimates

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Original article by Gary Morgan, Roy Morgan Research
Market Research Update – Page: Online : 15-Sep-16

In August Australia’s real unemployment was 10.4 per cent (1.332 million people looking for work, 159,000 more than a year ago) and under-employment was 7.1 per cent (917,000, down 27,000 in a year) – a total of 17.5 per cent (2.249 million) Australians looking for work or looking for more work. Part-time employment spiked in June and July leading into and encompassing the Federal Election period. This phenomenon is not surprising and is consistent with part-time employment increases measured by Roy Morgan before the 2010 and 2013 Federal Elections. Now that this period is past, part-time employment has fallen back as many of these employees are no longer employed while others are now employed full-time. Today’s Roy Morgan real unemployment figures show that much more must be done by the Turnbull Government to provide employment opportunities to Australians looking for work and looking for more work. For the last 51 months (more than four years) in excess of 1 million Australians have been unemployed, stretching back to May 2012, and clearly more than 2 million Australians have been either unemployed or under-employed in every month this year.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET