ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Australian Consumer Confidence up 0.8% to 113.3

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Oct-17

ANZ-Roy Morgan Australian Consumer Confidence rose 0.8% to 113.3 in the week ended 22 October 2017. This takes the index back above its long-term average. The gain was driven by improvements in expectations for the near- and long-term economic outlook. The outlook on economic conditions over the coming year improved by 4.3% to 103.5, the highest since July, and above the long-term average for the first time in two months. Expectations about economic conditions in the next five years rose 3.5%. Meanwhile, consumers’ views about current financial conditions fell for a second consecutive week, bringing the index value close to the long-term average. The outlook for future financial conditions fell by 0.9% after two consecutive positive readings in the prior weeks.

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

Jobs market ‘a thing of beauty’ set to boost pay

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Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 23-Oct-17

More than 300,000 jobs have been created in Australia during the last year, but Chris Richardson of Deloitte Access Economics forecasts that this will slow to less than 200,000 in the next 12 months. He also expects wages to begin increasing, while inflation will continue to rise at a slow pace over the next several years. Richardson adds that official interest rates are likely to remain low for some time, while a range of factors suggest that business investment will increase.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, COMMONWEALTH SECURITIES LIMITED

Rate rise firming after stronger jobs growth

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Original article by David Rogers
The Australian – Page: 17 & 28 : 20-Oct-17

A rise in official interest rates may be on the agenda in 2018 after Australia’s unemployment rate fell from 5.6 per cent to 5.5 per cent in September 2017, with a higher-than-expected 19,800 jobs being created during the month. The economy has added 317,000 jobs in the last year, which is the highest annual rate of growth since August 2005. The Reserve Bank of Australia is widely tipped to leave interest rates on hold until at least 2018.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED – ASX API

Inflation Expectations fall to 4.4% in September

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 20-Oct-17

Australians aged +14 expect inflation of 4.4% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for September 2017. This is down 0.1% in a month, although it is up 0.3% from September 2016. However, it remains well below the seven-year average of 5.0%. Analysis by State shows that Inflation Expectations are highest in Tasmania at 5.4%, followed by Victoria (4.7%) and New South Wales and Queensland (4.3%). Analysing Inflation Expectations by Federal voting intention shows that L-NP supporters (3.9%) and Greens supporters (4.1%) have the lowest Inflation Expectations, while ALP supporters (4.4%) are in line with the national average.

CORPORATES
ROY MORGAN RESEARCH LIMITED

ANZ-Roy Morgan Australian Consumer Confidence Rating weakens 1.2% to 112.4

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Oct-17

ANZ-Roy Morgan Australian Consumer Confidence fell 1.2% to 112.4 in the week ended 15 October 2017, dragging the index below its long-term average. The loss was broad-based, with four out of the five sub-components showing a decline. Consumers’ views about the current financial situation fell 1.6%, although the index remains comfortably above its long-term average. Households’ outlook on near and medium-term economic conditions worsened for the second consecutive week, with the indices declining by 2.0% and 2.4% respectively. Both the indices remain below their long-term averages.

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

IMF jitters over ‘high’ Australian debt

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Original article by David Uren
The Australian – Page: 6 : 16-Oct-17

Household debt in Australia now exceeds GDP by 23 per cent, prompting the International Monetary Fund to express concern about the nation’s vulnerability to "risk premium shocks". The combined debt of governments, business and households in Australia is now 147 per cent higher than GDP, compared with just 87 per cent a decade ago. The IMF’s data also shows that the combined debt of Group of 20 nations has risen by $US60trn to $US135trn since the global financial crisis.

CORPORATES
INTERNATIONAL MONETARY FUND, GROUP OF TWENTY (G-20)

ANZ-Roy Morgan Australian Consumer Confidence picks up modestly, up 0.4% to 113.8

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 11-Oct-17

ANZ-Roy Morgan Australian Consumer Confidence rose 0.4% to 113.8 in the week ended 8 October 2017, recovering some of the previous week’s losses. Sentiment towards economic conditions fell slightly, but views on financial conditions improved. Consumers’ views towards current and future financial conditions improved, with the indices increasing by 0.7% and 0.3% respectively. After a strong show in the previous week, households’ views on economic conditions edged lower. Both the indices recorded a slight decline, and remain well below their long-run averages.

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

More workers wanted as world demand for resources grows

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Original article by Rachel Baxendale
The Australian – Page: 2 : 9-Oct-17

Job advertising site Indeed has reported an 84 per increase in jobs for "fly-in, fly-out" workers compared with 2016. Western Australia is the most popular state for FIFO jobs, with 45 per cent of adverts, followed by Queensland, the Northern Territory and South Australia. The surge in jobs for FIFO workers can be attributed to a number of factors, including restrictions on visas for overseas workers and an improvement in commodity prices.

CORPORATES
INDEED INCORPORATED

Business Confidence down again in September to 113.2

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-17

Business Confidence in Australia fell 1.2pts (-1.0%) to 113.2 in September 2017, according to the Roy Morgan Business Single Source survey, as discussion continued about the mounting cost of energy heading towards the peak Summer season. Some 48.5% of businesses expect to be "better off" financially this time next year, while only 20.1% expect to be "worse off". Meanwhile, 51% of businesses now expect "good times" for the Australian economy over the next year, while 43.2% expect "bad times". The fall in Business Confidence was driven by falls in confidence in several industries, including Transport, postal & warehousing, Information, Media & Telecommunications, Finance & Insurance and Accommodation & Food services.

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

ANZ-Roy Morgan Australian Consumer Confidence Rating edges down again to 113.4

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Oct-17

ANZ-Roy Morgan Australian Consumer Confidence slipped 0.6% to 113.4 in the week ended 1 October 2017. The detail was mixed; sentiment towards economic conditions improved, but this was more than offset by a fall in households’ views of their own finances. Consumers were more optimistic about both current and future economic conditions (up 2.5% and 2.0% respectively). Views towards current economic conditions have improved since the low point in May; however, sentiment towards both current and future conditions remains below long-run averages. Households’ views towards both current and future financial conditions fell 1.6%. Still, both sub-indices are showing some resilience and remain above their long- term averages.

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