The latest in inflation from the ABS reveals a higher level of underlying inflation, despite the4 base effects people were expecting to see. As result, the expectation for a further round of rate hikes extended in Australia, as the energy and gas prices continue to climb.
That said, some optimistic market analysts are call for rate cuts later in the year – but in your dreams… I am thinking!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest in inflation from the ABS reveals a higher level of underlying inflation, despite the4 base effects people were expecting to see. As result, the expectation for a further round of rate hikes extended in Australia, as the energy and gas prices continue to climb.
That said, some optimistic market analysts are call for rate cuts later in the year – but in your dreams… I am thinking!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today we look at the February numbers from Core Logic and the ABS new lending data, which refinancing apart remain weak. In fact we are not convinced conditions are likely to lead to sustainable price rises.
The rather shaky monthly indicators are in from the ABS, and headline inflation is down a tad, though only in some categories, so we should not get too excited. The quarterly GDP number to December was also in, and lower than expected – as ther savings ratios fell, and household discretionary spending wilted, though travel, and student arrivals helped to support GDP.
Again, not too much here to suggest other than more weakness ahead as rates rise.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from the ABS shows again real weekly earnings rose, but failed to keep up with inflation – though the gender gap closed a little. Best place to earn more in the ACT or WA, in the public sector, or mining.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Lots of mistaken observations about the latest ABS Employment figures. So we look at the statistical anomalies which explain the differences, and look at the different methods used compared with the Roy Morgan series.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The ABS reported a further fall in new credit commitments in December 2022, across most categories. Even refinancing was down a little, though still elevated as people seek cheaper loan options.
First time buyers are continuing on the sidelines, with volumes falling here too.
But borrowing for holidays rose significantly.
Average loan sizes rose however, with Western Australia leading the way!
More signs of further home price falls ahead?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest ABS release looked at the rising living costs across different segments, and they reported what we all know, real living costs are rising faster than the CPI numberwang.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Stronger than expected data from the ABS today increases the likelihood of a cash rate hike from the RBA next month. The moving parts were all over the shop, warped by the addition and removal of various Government support programmes and holiday travel and spend.
No discretionary remains very high, and more costs will flow from higher wages. This may not be over as soon as many expect.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
