Australia
Real Gross Domestic Product
Gross domestic product, chain volume measures, % change, SA
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
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
Financial Aggregates
Broad money supply and total credit , annual change, %, SA, updates monthly
Illustrates year-on-year growth rates for broad money and total credit, based on the Reserve Bank of Australia’s Financial Aggregates data. Broad money reflects the aggregate stock of money held by the private sector (currency and deposits, including term and other liquid liabilities) and is a key indicator of liquidity in the economy. Total credit captures the annual growth in lending by financial institutions to households and businesses. Plotting both series together highlights how monetary liquidity and credit extension have evolved over time, offering insight into financial conditions and potential pressures on demand and inflation.
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
AUD still on the backfoot
19 May, 2026
• Market wobbles. Inflation concerns & rising bond yields dampen sentiment. USD firmer. AUD & NZD underperform. AUD now ~2.2% from recent high.• Data flow. UK CPI inflation out today. FOMC minutes...
Risk wobbles weigh on the AUD
17 May, 2026
• Inflation worries. Higher oil prices & central bank rethink push up bond yields. Equities dipped on Friday. USD firmer. AUD & NZD fall back.• Macro pulse. Concerns about the global economy &...
US Fed shifting course?
14 May, 2026
• US data. Solid US retail sales underpinned sentiment. Upshift in US interest rate expectations & weaker GBP boosted the USD. AUD slipped back.• Macro pulse. Markets toying with the idea the US Fed...
Yuan step at a time
14 May, 2026
It has become a cliché to say that America and China operate on entirely different historical timescales—but sometimes clichés contain a grain of truth. As Donald Trump meets Xi Jinping this week, talk...
Trading ranges compress as newsflow slows
14 May, 2026
Good morning. Price action in currency markets is slowing to a crawl and the dollar is consolidating yesterday’s gains as traders keep their powder dry amid a lack of clear directional catalysts. Brent...
Oil prices resume climb, inflation fears stalk global bond markets
13 May, 2026
Good morning. Oil prices are holding yesterday’s gains and the dollar is advancing on reports suggesting that the Trump administration is considering rebranding* its war with Iran as “Operation Sledgehammer”...
US inflation pulse reawakening
12 May, 2026
• Market wobbles. Faster US inflation dampened the mood. US equities dipped, bond yields rose. USD firmer. AUD drifted back but still at elevated levels.• AU Budget. A lot of the big ticket items already...
The shekel paradox
12 May, 2026
The factors driving Israel’s currency higher may owe less to Jerusalem than to Silicon Valley
The Israeli shekel’s surge to a 33-year high against the dollar—breaching the psychologically...
US inflation slightly exceeds expectations, underpinning the dollar
12 May, 2026
Underlying consumer prices climbed by slightly more than expected in the United States last month, reinforcing the case for a tightening bias from the Federal Reserve, and putting modest upward pressure...
Dollar grinds higher as inflation data looms and oil prices rise
12 May, 2026
Good morning and happy US inflation day to all who celebrate. The dollar is advancing and Treasury yields are edging higher in the run-up to the week’s most important data release at 8:30, which is expected...