Browsing Category

Economy

ABS Update 0.3 fall in GDP in the March quarter
Economy

ABS Update: 0.3% fall in GDP in the March quarter

By On June 18, 2020

The Australian Gross Domestic Product (GDP) fell 0.3% in seasonally adjusted, chain volume terms in the March quarter 2020. In addition, growth has slowed to 1.4% through the year, according to figures… Read More

ABS update employment falls by 594300
Economy

ABS update: employment falls by 594,300

By On June 11, 2020

The ABS has reported that seasonally adjusted employment has fallen by 594,300 between March and April. The unemployment rate increased by one percent from 5.2 percent to 6.2 percent, with an additional… Read More

ABS update Businesses to expect ongoing COVID 19 negative financial impacts
Economy

ABS update: Businesses to expect ongoing COVID-19 negative financial impacts

By On May 19, 2020

The ABS has reported that almost three-quarters of Australian businesses are predicted to experience a reduced cash flow over the next two months as a result of COVID-19 and its business impacts.… Read More

One third of households experienced a financial decline due to COVID 19
Economy

One-third of households experienced a financial decline due to COVID-19

By On May 13, 2020

The ABS has reported that one-third (31%) of Australians claimed their household finances have worsened during the peak COVID-19 affected period of mid-March to mid-April. 45% of Australian adults have had their… Read More

ABS update hours worked were stable before COVID 19 restrictions
Economy

ABS update: hours worked were stable before COVID-19 restrictions

By On April 22, 2020

The ABS confirmed that between February and March 2020, the trend monthly hours worked did not change. Early March also showed that the trend unemployment rate remained steady at 5.2%. This data… Read More

ABS update business cash flow and turnover impacted by COVID 19
Economy

ABS update: business cash flow and turnover impacted by COVID-19

By On April 15, 2020

The ABS conducted a survey on the ‘Business Impacts of COVID-19′ which showed that 66% or Australian businesses had experienced a reduction in their turnover or cash flow as a result of… Read More

Coronavirus crisis cash payments for pensioners and welfare recipients
Economy

Coronavirus crisis: cash payments for pensioners and welfare recipients

By On March 19, 2020

As part of the Morrison government’s “coronavirus stimulus package”, it has been announced that starting on the 31st of March, pensioners and welfare recipients will be given $750 cash payments to help… Read More

ABS update January 2020 showed a trade surplus of 5210m
Economy

ABS update: January 2020 showed a trade surplus of $5,210m

By On March 12, 2020

With both the Australian bushfires and COVID-19 (coronavirus) affecting living circumstances in January 2020, the ABS confirms that there has been negative impacts to international trade in goods and services. The balance… Read More

ABS update Wages rose 0.5 in the December quarter
Economy

ABS update: Wages rose 0.5% in the December quarter

By On February 24, 2020

According to figures released by the Australian Bureau of Statistics (ABS), the Wage Price Index (WPI) rose by 0.5%, seasonally adjusted, in the December quarter in 2019. WPI also rose 2.2% through… Read More

ABS Update Retail turnover falls 0.5 in December
Economy

ABS Update: Retail turnover falls 0.5% in December

By On February 14, 2020

The most recent Australian Bureau of Statistics (ABS) Retail Trade figures show that in December 2019, Australian retail turnover fell by 5%, seasonally adjusted. This was a fall from the 1% retail… Read More

Economy

ABS update: New loan commitments for housing rise 1.8%

By On January 27, 2020

In November 2019, the value of new loan commitments for housing rose by 1.8%, seasonally adjusted. The number of loan commitments to owner occupier first home buyers dropped by 0.4% in October… Read More

ABS Update Trade surplus of 5800 million
Economy

ABS Update: Trade surplus of $5,800 million

By On January 20, 2020

In seasonally adjusted terms, the balance on goods and services was a surplus of $5,800 million in November 2019. This is an increase of $1,725 million from the surplus in October 2019,… Read More

Pin It on Pinterest