Australian businesses reported a marked improvement in conditions in March as a pick-up in sales and profitability gave firms the confidence to pump up plans for capital investment, a survey showed on Tuesday. National Australia Bank’s monthly survey of more than 400 firms showed its index of business conditions rose four points to +6 in […]
Australian Business Conditions and Confidence Improve Read More »
China’s worst economic slowdown in 25 years will hit Australia as iron ore prices tumble, the World Bank says. One of the bank’s top economists says a more severe moderation was possible in the economy of Australia’s biggest trading partner. Australia’s growth pace had deteriorated sharply since the first quarter of 2014 as declining prices
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The big moment for economists last week was the Reserve Bank’s decision to keep the cash rate on hold for a second straight month. Westpac’s chief economist Bill Evans was one of a sizeable number who had thought an April cut more likely than not. Even so, he had acknowledged a good chance of a
Second Thoughts Over RBA’s Next Move Read More »
Sydney is in the midst of a housing bubble but that won’t stop the Reserve Bank cutting rates again, a top economist says. Unjustified property prices and investor speculation has created a bubble in Sydney that’s at risk of bursting, AMP chief economist Shane Oliver says. Average prices in Sydney soared 13 per cent in
Sydney Housing Bubble Unlikely to Deter RBA Read More »
