Australia’s economic recovery faster than expected
November 17, 2009
The pace of Australia’s economic recovery could be considerably faster than expected, according to a private sector survey released today. The Westpac - Melbourne Institute Leading Index of economic activity surged a further two per cent to 5.8 per cent in... Read more »
Small business confidence continues to grow
November 17, 2009
Australia’s small businesses are steadily becoming more confident in the economy and growth prospects despite actual conditions remaining slightly negative. The November ACCI Small Business Survey showed an improvement in Small Business Conditions over the... Read more »
Employment data raises rate expectations
November 12, 2009
The unemployment rate in Australia rose slightly last month, but a surprise increase in the number of employed persons has raised the prospect of a third consecutive rate hike next month. An increase in the number of people looking for work drove the 0.1 per cent... Read more »
Businesses shake off impact of interest rate rises
November 10, 2009
Business confidence has risen back toward six-year highs in October despite the spectre of interest rate hikes, according to a leading survey. The NAB monthly survey of business confidence had dipped slightly the previous month but rebounded quickly on the back... Read more »
Rudd concerned by prospect of rate hikes beyond cash rate
November 5, 2009
Prime Minister Kevin Rudd has said that he is concerned that the major banks may consider raising interest rates at a quicker rate than the Reserve Bank of Australia and wishes the banks would cut interest rates as quickly as they raise them in response to official... Read more »
Businesses upbeat about future, bad debt exposure falls
November 4, 2009
Veda Advantage’s bi-annual Business Sentiment Survey has revealed the majority (85%) of Australian business executives have a positive outlook for the year ahead. More than half (55%) of the business leaders surveyed now believe it will take between six... Read more »
Home building recovery needs to grow legs: HIA
November 4, 2009
Building approvals are pointing to a moderate rather than strong recovery in new home building, according to the Housing Industry Association, as concerns persist about a lack of supply in the marketplace. HIA Chief Economist, Dr Harley Dale, said that the number... Read more »
Business confidence at seven-year high
October 27, 2009
Business sentiment surged to a seven-year high during the September quarter, well off lows reached earlier in the year as businesses become more bullish about the economic prospects. Current business trading conditions also improved, albeit moderately. The NAB... Read more »
Payment days hint at improved business conditions
October 21, 2009
The payment terms of Australian firms have declined for the second consecutive quarter, providing further evidence that local economic conditions are improving. A fall of three days since the previous quarter and 5.6 days in the past six months has reduced terms... Read more »
ACCC institutes proceedings against Refund Home Loans
October 21, 2009
The Australian Competition and Consumer Commission has commenced proceedings against Refund Home Loans Pty Ltd and its Managing Director and founder, Wayne Rodney Ormond, alleging they made false and misleading representations in breach of the Trade Practices Act... Read more »