{SPAC}ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.7 to start December

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.7 in the week ended 4 December. However, it is now 26.6pts below the same week a year ago (107.5) and 6.3pts below the 2022 weekly average of 89.0. There were mixed results around the nation; Consumer Confidence increased in New South Wales and South Australia but decreased in Victoria, Queensland and Western Australia. Now 21% of Australians (down 4ppts) say their families are ‘better off’ financially than this time last year, while 47% (up 1ppt) say their families are ‘worse off’ financially. Some 29% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 34% (down 1ppt) expect to be ‘worse off’ financially. Only 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 3ppts) expect ‘bad times’. Meanwhile, 26% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since early July), while 45% (down 2ppts) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED,{SPAC}AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Jobless rate holds steady at 5.8pc, defying predictions

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 3 : 15-Jan-16

Official data shows that Australia’s unemployment rate was 5.8 per cent in December 2015, unchanged from November. The jobless rate had blown out to 6.2 per cent in September, before easing to 5.9 per cent in October. Most economists had expected the economy to shed about 10,000 jobs in December, but only 1,000 jobs were lost during the month. Capital Economics’ Paul Dales says the latest jobs data could provide support for the Australian dollar and the local sharemarket.

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CAPITAL ECONOMICS LIMITED,{SPAC}COMMONWEALTH BANK OF AUSTRALIA – ASX CBA,{SPAC}AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ,{SPAC}NATIONAL AUSTRALIA BANK LIMITED – ASX NAB,{SPAC}COMMONWEALTH SECURITIES LIMITED,{SPAC}RESERVE BANK OF AUSTRALIA,{SPAC}AUSTRALIAN BUREAU OF STATISTICS

Wary reaction to jobs data

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Original article by Joanna Heath
The Australian Financial Review – Page: 5 : 12-Sep-14

Data from the Australian Bureau of Statistics (ABS) show that the economy added 121,000 jobs in August 2014. The jobless rate fell from a 12-year high of 6.4 per cent in July to 6.1 per cent. Economists have questioned the accuracy of the data, and Adam Boyton of Deutsche Bank says the Reserve Bank is likely to adopt a similar approach. The ABS changed the way it compiles employment data in July

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS,{SPAC}DEUTSCHE BANK AG,{SPAC}CITIGROUP PTY LTD,{SPAC}RESERVE BANK OF AUSTRALIA,{SPAC}AUSTRALIA. DEPT OF EMPLOYMENT