Reading Time: 2 minutes Retail Sales have some way to go before helping to deliver a sustainable economic recovery As the economic environment, post Omicron, stalled recovery momentum continues, the situation has become yet more volatile. The latest update from the Australian Bureau of Statistics (ABS) for Retail Sales (January 2022) reinforces this point. Retail sales increased by 1.8 […]
Reading Time: 2 minutes Chief Economist comments on quarterly Wage Price Index Good afternoon, The latest Australian Bureau of Statistics (ABS) quarterly Wage Price Index has revealed for the December quarter of 2021: Wages rose 0.7% this quarter and 2.3% over the year. The most significant industries to contribute to growth this quarter were the Health Care and social […]
Reading Time: 2 minutes A lack of summer sizzle keeps the RBA firmly on hold “It comes as no surprise that the RBA Board has made the decision to keep the OCR steady at its record low – a rate that has remained unchanged since November 2020. Conjecture regarding a rate rise will intensify as we move throughout the […]
Reading Time: 2 minutes Inflation up despite Omicron dragging on business confidence Today’s 1.3% lift in the CPI for the quarter (up 3.5% for the 12 months to the December quarter) shows a substantial rise compared to the September 2021 quarter. This will likely accelerate the upward movement in household and business market interest rates irrespective of when the […]
Reading Time: < 1 minute CreditorWatch’s Chief Economist, Harley Dale, comments on today’s ABS Labour Force data. December’s results saw Australia’s unemployment rate fall to 4.2 per cent in December 2021 from 4.6 per cent a month earlier. This was the lowest reading since August 2008 as COVID-19 lockdowns were lifted. Australia’s labour market ended 2021 in stunning fashion The labour market […]
Reading Time: 5 minutes The latest CreditorWatch Business Risk Index captures circumstances for December 2021, a month when economic promises began break. The CreditorWatch Business Risk Index (BRI) provides unique insights into the health of Australian businesses by region and industry. Data from CreditorWatch for December last year reveals a number of industries and regions under pressure. CreditorWatch has […]
Reading Time: 5 minutes Harley Dale, CreditorWatch Chief Economist, offers his expert thoughts on the economy, COVID-19 and industry performance in 2021. Where to from here? Find out in his insightful blog post.
Reading Time: 2 minutes CreditorWatch Economist Harley Dale offers his unique perceptions on the Australian economy and key industries in our latest Business Risk Review.