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After the release last week of the record low headline CPI numbers for Q2 (see here), and the RBA’s subsequent decision to cut rates by 25 bps yesterday, it comes as no surprise to see the quarterly Cost of Living Indexes confirming the lack of any inflationary pressure. The COL Indexes …read more
For the 12th time, starting in Nov 2011, the RBA Board have elected to cut the Cash Rate at their meeting today. The 25bps cut takes the Rate to a new low of 1.5%. With inflation falling well below the Bank’s 2-3% target (see commentary from last week) and the …read more
Today’s building approvals data for June highlights the slowdown we’ve been seeing nationally for a few months; and also sees Queensland, which had been holding up, going into decline. At the national level seasonally adjusted approvals fell by 2.9% m/m and 5.9% yr/yr after previous months were also revised weaker. …read more
Each month the Melbourne Institute release their Survey of Consumer Inflationary Expectations. This gives a good indicator where people believe inflation is heading. The chart below compares those expectations (on a quarterly basis) with the actual average core inflation data. What we see is that generally people’s expectations are, on …read more
Apologies to any others, but if you’re not a dyed in the wool economics tragic read no further. Back in uni days (over 30 years ago now) the old Phillips Curve theory was still being tossed around (although with modifications from the 1950’s original) and it’s always been something I’ve …read more
The headline CPI inflation measure for the second quarter has been released in line with market expectations. CPI was up by 0.4% for the quarter and up just 1% over the course of the year (the lowest annual plot since the second quarter of 1999). The average of the two …read more
Pete spoke to John MacKenzie on Radio 4CA this morning about the turn-around in tourism in the Cassowary Coast and what might be contributing to it. You can listen below…
A more detailed analysis of the Conus Trend Queensland Regional Jobs data released yesterday (see here for comments and to download the data) shows us clearly how the Rest of Queensland (RoQ) is falling behind Greater Brisbane in almost all measures over the past 12 months. Greater Brisbane has added …read more
There’s a great deal of interest in the regional jobs data, not least from Townsville where the picture continues to get worse. I spoke to David Chen from ABC North in Townsville yesterday afternoon.
Today saw the release of the ABS Regional Labour Force data and we have now completed work on the full set of Conus Trend estimates. What we find is an improving story in Cairns driven by a pick up in full-time work and employment in the middle aged (25-44 years) …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series