All eyes on the Governor

Subscribe US retail sales underwhelmed for a second-consecutive month in January with a decline of 0.8% reported. The fall, coming on the back of a 0.9% contraction in December, was below expectations for a decline of 0.5%. Excluding auto purchases sales also...

Job growth, yes, but it needs to accelerate

In trend terms Australian unemployment increased to 6.28% from 6.27% in December, a minuscule rise but still the highest level seen since July 2002. From a year earlier the rate has increase by 0.4ppts. Over the month full time employment grew by 6,246 while part time...

Markets await Greek outcome, then Aussie unemployment

Subscribe Eurogroup finance ministers have just concluded their meeting in Brussels. At this point no official announcement relating to Greek debt negotiations has been forthcoming. There have been rumours that ministers are currently working on a 6-month bridging...

Ex-Sydney, capital city house price growth is benign

The ABS’ quarterly house price index was released earlier this morning with capital city house prices rising 1.9% in the three months to December, a figure that was higher the 1.8% increase expected. Sydney, at +3.4%,  recorded the strongest growth while those...