Australia
Australia
Real Gross Domestic Product
Gross domestic product, chain volume measures, quarterly change, %, SA, updates quarterly
Real gross domestic product measures the change in the inflation-adjusted value of all goods and services produced in the economy. It comprises private consumption and investment, inventory buildup, government spending and net exports. Markets watch this indicator to gauge the strength and composition of growth.
Australia
Unemployment Rate
Labour underutilisation rates, all persons, %, SA, updates monthly
The unemployment rate measures the percentage of the labor force currently not working but actively seeking employment, while the underemployment rate measures part- and stood-down full-time employees who are not working as much as they desire. The underutilisation rate is the sum of the unemployment and underutilisation rates. Markets monitor these rates to assess the cyclical health of the economy and the likelihood that wage demands may increase inflationary pressures.
Australia
Consumer Prices
All groups, ex. volatile items, trimmed mean, annual % change, SA, updates monthly
The Consumer Price Index is a measure of the change over time in the average prices paid by consumers for a market basket of consumer goods and services. As the most widely used measure of inflation, changes in the index are closely followed by policymakers, financial markets, businesses, and consumers. The Australian Bureau of Statistics reports an 'All Groups' number that includes all categories in the calculation basket, an ex-"volatile items" measure that excludes fruit, vegetables, automotive fuel, and holiday travel, and a 'Trimmed Mean' number that strips out the most volatile 30% of items.
Australia
Retail Sales
Turnover, monthly change, %, SA, updates monthly
Retail sales measures the monthly online and in-store turnover of retailers in Australia, and is calculated in seasonally-adjusted and current dollar terms. By providing critical insight into consumer spending trends, it is considered a key leading indicator, influencing the direction of monetary policy and the Australian dollar over time.
Australia
Trade Balance
Balance on goods and services, millions AUD, SA, updates monthly
The trade balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported - generating a trade surplus - and a negative number indicates a deficit. Trade imbalances may reflect fleeting differences in growth rates or more permanent factors in the composition of growth or the endowment and price of natural resources
Australia
Cash Rate Target
Reserve Bank of Australia target for the overnight rate, %
The cash rate target is an overnight interest rate that the Reserve Bank of Australia targets in order to influence monetary variables in the economy, including consumer prices, exchange rates, and credit growth. The Reserve Bank reviews the target rate on eleven fixed dates each year.
Australia
Money Supply Growth
M3 money supply, annual change, %, SA, updates monthly
M3 money supply is a measure of currency that includes cash, checking deposits, non-cash assets that can easily be converted into cash, and longer-term near-cash assets, including deposits with a maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund instruments and debt securities up to two years. Markets don’t typically respond directly to changes in M3, but growth in the money supply can influence inflation, interest rates, and exchange rates over longer time horizons.
Australia
Central Bank Assets
Reserve Bank of Australia total assets, billions AUD
The Reserve Bank of Australia’s assets consist primarily of government and corporate bonds, gold and foreign exchange reserves, reverse repurchase agreements, and other instruments. Its liabilities are mostly currency in circulation, commercial bank reserves, and collateralized reverse repurchase agreements. The balance sheet is used to influence interest rates - when officials want to stimulate the economy, it expands, and when they wish to tighten financial conditions, it shrinks.
Australia
Debt Ratios
Credit to general government, non-financial corporate, and household Sectors, % of gross domestic product at market value, updates quarterly
Aggregate debt ratios measure the total borrowing of the general government, non-financial corporate, and household sectors, expressed as a share of gross domestic product. Total debt is followed by investors as a gauge of the vulnerability of an economy to financial shocks. An overly fast pace of debt growth is also frequently associated with a buildup of unproductive investment and excessively high asset valuations.
Australia
Currency Reserves
Official reserve assets, foreign currency reserves (in convertible foreign currencies), billions USD, updates monthly
Currency reserves are external financial holdings that are freely usable for settlement of international transactions, and are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in currency markets to affect exchange rates, and for other related purposes. Developed markets with widely used, freely tradeable international currencies typically provide reserve assets rather than engaging in reserve accumulation.
Latest Analysis
Latest Analysis
Dollar Climbs On Trade Deal With EU, Traders Brace For Havoc Ahead
28 July, 2025
The dollar is outperforming all of its major counterparts after the US reached a trade deal with the European Union, reducing uncertainties facing businesses and investors on both sides of the pond. Treasury...
Let's make a deal
27 July, 2025
• Dealmaker. Trade optimism supported US equities & USD at end of last week. AUD & NZD drifted a little lower. EUR ticked higher this morning.• US/EU deal. Over weekend US/EU announced a 15% tariff...
Earnings and Trade Optimism Spreads, Boosting Risk Assets
24 July, 2025
Risk-sensitive assets are looking buoyant this morning as perceived tail risks recede and investors turn more optimistic on the direction of global growth. The US dollar is up slightly, Treasury yields...
Risk Appetite Improves On US-Japan Trade Deal
23 July, 2025
A modest improvement in risk appetite is washing across markets after a trade deal between the US and Japan proved less economically-damaging than feared. The dollar and Treasury yields are holding steady,...
Intra-Day Volatility Falls As Newsflow Grinds To A Halt
22 July, 2025
Currency markets are turning in a mixed performance this morning amid an utter lack of new volatility catalysts. The dollar is holding steady in line with placid Treasury yields, most major currencies...
Positive vibes
21 July, 2025
• Upbeat tone. No news has been good news. US equities rose, while bond yields & USD slipped back. AUD a bit higher at start of new week.• RBA guidance. RBA meeting minutes out today. Governor Bullock...
Yen Climbs, Dollar Retreats As Data-Light Week Kicks Off
21 July, 2025
Amid a quiet start to the week, the Japanese yen is finding modest support even after Prime Minister Shigeru Ishiba’s governing coalition lost its majority in the Upper House, suggesting that currency...
Hanging on
20 July, 2025
• Hanging on. A quieter end to last week. US equities consolidated. USD a bit softer. AUD & NZD ticked up but still lost ground over the week.• US trends. US data has generally been a bit better than...
Dollar Rebounds After Short-Lived Selloff
17 July, 2025
The dollar is resuming its upward climb and bond markets are stabilising after suffering a short-lived bout of extreme volatility early in yesterday’s session on speculation surrounding the potential firing...
Fed Chair in the firing line
16 July, 2025
• Market jolt. Reports & denials about whether Chair Powell may be removed generated a burst of volatility. On net, US equities rose & USD weakened.• Fed changes. Fed Chair can’t be fired...