The ABS released the latest employment figures today. Media coverage amped up the “weakness” in the numbers – but most is due to external factors such as sample changes, seasonality and high rates of illness. This was a classic case of numberwang again. http://www.martinnorth.com/ Go to the Walk The World Universe at https://walktheworld.com.au/
Tag: ABS
The Lending Worm Is Turning Now! [Podcast]
The ABS finally released their November 2022 New Lending stats today. Overall new loan commitments fell 3.7% in the month, and apart from refinancing, which hit a record, all other loan categories dropped to levels which in some cases were below pre-COVID levels.
First time buyers were hit hard.
More signals of a falling property market ahead.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
/
RSS Feed
The Lending Worm Is Turning Now!
The ABS finally released their November 2022 New Lending stats today. Overall new loan commitments fell 3.7% in the month, and apart from refinancing, which hit a record, all other loan categories dropped to levels which in some cases were below pre-COVID levels.
First time buyers were hit hard.
More signals of a falling property market ahead.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The New Loan Refinancing Dynamo Continues In October!
We look at the latest lending stats from the ABS. Overall new loan volumes are down, but refinancing is still running at circa $12 billion a month, close to record highs. On the other hand, first time buyer volumes are down. But the average new loan is growing again, which may be a sign of more equity-mate style redraws.
Go to the Walk The World Universe at https://walktheworld.com.au/
Wages Rose More Than Expected But We Are Still Falling Behind!
The latest Wages Price Index data released by the ABS today contained some stronger than expected growth, especially in the Private Sector. Some of this was because of the Fair Wage Commission Award. Public Sector workers did less well.
Nevertheless, despite the rise, inflation is running hotter, and we know that neither the Treasury nor RBA expect real wages growth for the next couple of years. On the other hand, stronger wage rises will stoke inflation further.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
New Credit Is Down And Building Approvals Are Down!
We look at the latest stats from the ABS relating to new credit growth and building approvals, both which are sliding, and sliding fast.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
Inflation Hotter Than Expected – Again!
The latest Australian inflation figures from the ABS came in hot, suggesting more rate rises from the RBA.
The Consumer Price Index (CPI) rose 1.8% this quarter. Over the twelve months to the September 2022 quarter, the CPI rose 7.3%. The most significant price rises were New dwelling purchases by owner-occupiers (+3.7%), Gas and other household fuels (+10.9%) and Furniture (+6.6%).
Go to the Walk The World Universe at https://walktheworld.com.au/
The Unemployment Numbers Disappoint! [Podcast]
The ABS data today was a bit of a shock, compared with expectations, as the data indicated a slowing of the employment market. Some of this could be just a Numberwang though.
https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/sep-2022
Go to the Walk The World Universe at https://walktheworld.com.au/
/
RSS Feed
The Unemployment Numbers Disappoint!
The ABS data today was a bit of a shock, compared with expectations, as the data indicated a slowing of the employment market.
https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/sep-2022
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
And Now We Get A Monthly Numberwang Too..
A quick look at the new monthly CPI from the ABS. Core inflation is still rising.
More signals of a 50-basis point hike next week.
Go to the Walk The World Universe at https://walktheworld.com.au/