Tag: Economic Trends
US jobless rate edges up in August
US president Barack Obama has promised new stimulus measures after a weak August jobs report showed unemployment has increased slightly.[MORE]
New car sales up sharply in SA
New car sales are up more than 16 per cent in South Australia over the same time last year.[MORE]
Britain no basket case says trade envoy
A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.[MORE]
Sluggish winter for services sector
Activity in Australia's services sector shrank for the fourth month in a row in August, with another slide in retail.[MORE]
Trade surplus disappoints
Australia has recorded its fourth straight trade surplus, but the result came in below even the lowest economist forecast.[MORE]
Strong GDP shows stimulus can stop: economist
A leading economist says yesterday's stronger than expected economic growth figures make a reasonable case for stimulus spending to be stopped.[MORE]
Goldilocks can't have perfect porridge forever
Several economists have now adopted the phrase 'Goldilocks economy' to describe Australia, but our apparently perfect porridge is bound to cool or reheat eventually.[MORE]
Economic growth smashes forecasts
Australia's economic growth has passed all but the most optimistic forecasts, with the economy expanding 3.3 per cent over the past financial year.[MORE]
Election uncertainty hurts manufacturing
The pace of growth in Australia's manufacturing industry slowed in August, partly due to uncertainty around the election outcome.[MORE]
Australia posts smallest deficit in 8 years
Australia has recorded its smallest current account deficit since the first quarter of 2002, as commodity exports boost earnings.[MORE]
Retail and building bounce offset stagnant lending
A surprise bounce in retail sales and building approvals has boosted optimism about Australia's economy on financial markets.[MORE]
Businesses confident after desalination plant worker influx
A survey of businesses in the Bass Coast Shire has found an influx of desalination plant workers has boosted business confidence in the area.[MORE]
Home prices stabilise after surprise fall
Australian home prices have stabilised in July, after falling for the first time in 17 months in June.[MORE]
'The end is always near' Reserve warns
A senior RBA official quoted The Doors to explain the role of unexpected events in the global financial crisis.[MORE]
Obama fails to ease market jitters
US president Barack Obama has tried to calm jittery markets by promising new measures to keep the US economy moving.[MORE]
Profits surge bodes well for economy
Economists say a surge in company profits over the June quarter bodes well for this week's economic growth figures.[MORE]
Home sales slump for third straight month
A steep decline in new home sales has renewed calls for more to be done to address the housing shortage.[MORE]
Two-speed economy brings a two-speed polity
Australia's hung Parliament reflects the post-GFC divisions that are now haunting the world.[MORE]
Election uncertainty hits Canberra economy
The delayed Federal election result is taking a toll on Canberra's economy.[MORE]
Cairns house prices fall
The far north Queensland city of Cairns has recorded one of the biggest drops in house prices in the state.[MORE]
Wall Street rallies after Bernanke speech
Wall Street has rallied after Federal Reserve chief Ben Bernanke offered reassurances the US central bank was ready to step in if the economy faltered.[MORE]
Economists upbeat at British growth figures
Economic growth in Britain has grown at its fastest pace in nine years, going up by 1.2 per cent in the second quarter.[MORE]
Bernanke confident despite sluggish US growth
US Federal Reserve chairman Ben Bernanke has acknowledged that the country's economic recovery is slower than expected.[MORE]
Market flat on mixed messages
A fall on Wall Street overnight had weighed on the local share market, but a strong result for Fairfax and a further gain for Woolworths are offsetting other falls.[MORE]
Harvey Norman profits despite year of 'two halves'
Furniture and electronics retailer Harvey Norman has announced an 8 per cent increase in its full-year profit.[MORE]
