ABS

Inflation concerns and questions over investment: comments on today’s ABS data on capex and business sentiment

The latest ABS survey shows how inflationary concerns are becoming more widespread across the Australian business community

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Economy now has no spare capacity as unemployment rate hits landmark sub-4 percent

Labour shortages push hours worked up; under-employment is down; worker illness shows new ‘COVID-normal’ for businesses

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Retail spending, housing and trade: Dr Sarah Hunter and Dr Brendan Rynne respond to the latest figures

Volatile times with retail spending up, housing approvals down and a strong trade surplus.

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Current account surplus falls back as Australia’s trade balance weakens

Sarah Hunter, KPMG Senior Economist, comments on ABS balance of payments data

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Surprisingly strong retail spending defies Omicron. Sarah Hunter, Senior Economist, responds to ABS retail figures for January

Retail turnover was surprisingly strong in January, with spending rising 1.8 percent month on month despite the spread of Omicron through most states.

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Wage momentum picking up, but not enough for RBA

Sarah Hunter, KPMG Senior Economist, responds to ABS monthly wage data

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‘Very strong’ result for unemployment rate figures. Dr Brendan Rynne, KPMG Chief Economist responds to ABS monthly labour data

Despite Omicron surging through the community during the summer holiday period Australia’s unemployment rate was maintained at a near-record low of 4.2 percent.

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Retail spending for December. A healthier picture than topline numbers suggest

Setting aside the timing of spending, in absolute terms retail turnover remains very buoyant (11.6 percent higher than the trough of the Delta lockdown in August).

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Dr Brendan Rynne, Chief Economist analysis of ABS October figures

To some degree, this month’s figures represent a blip – the payroll data released yesterday by the ABS shows this hike in the unemployment rate will be temporary.

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Underemployment stubbornly high, but signs of a rebound next month

Jodie Patron, KPMG Senior Economist comments on the latest ABS labour data

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Fall in employment accelerates as lockdowns continue

Jodie Patron, KPMG Senior Economist, responds to ABS August jobs data

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Lowest unemployment figures for 13 years disguise a country divide. June improvement reversed by July lockdowns

The latest ABS jobs data shows state variations, driven by the latest COVID-19 lockdowns which have again divided the economy.

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Dr Brendan Rynne, KPMG Chief Economist comments on the ABS payroll data

The ABS data shows the Australian labour market, and hence the Australian economy, took a slight pause in its recovery during January in response to the additional lockdown procedures implemented over Christmas.

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