The ABS figures show the labour market deteriorated through May, consistent with expectations that the Australian economy was in the midst of a sharp contraction due to the coronavirus shutdown.
As widely anticipated the GDP growth figure release today was 0.5 percent – it is modest but will begin to look impressive by the time we see the Q1 2020 figures.
The new ABS gas price index shines some light on the opaqueness of gas supply agreements, increasing the transparency and quality of information available in the market.
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