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
Unemployment and Underemployment 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. Markets monitor the unemployment and underemployment 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 show external 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
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The almighty greenback is trading near a two-year high after Friday’s non-farm payrolls report reinforced expectations for a prolonged pause in the Federal Reserve’s easing cycle. When measured against...
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The US created more jobs than expected in December, putting renewed momentum behind Treasury yields and the dollar. According to data just released by the Bureau of Labor Statistics, 256,000 jobs were...
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09 January, 2025
A multi-day selloff in global bond markets appears to be easing, providing some support to currencies outside the United States. The US ten-year yield is holding near 4.65 percent this morning after breaking...
Tariff and Inflation Worries Kick Yields and the Dollar Higher
08 January, 2025
Bond yields and the greenback are sitting on substantial gains this morning on the back of a report suggesting that the US could apply universal tariffs on its major trading partners, and after data released...
Tariff Threat Aftershocks Leave Currency Markets Jittery
07 January, 2025
Currency markets are suffering a case of whiplash after Donald Trump yesterday denied a report saying that his aides were exploring plans to implement a narrower set of tariffs than had been promised on...
Potential Dilution in Trump Tariff Plans Pummels Dollar
06 January, 2025
As the curtain rises on 2025, the dollar is tumbling on a report suggesting that incoming US president Donald Trump will ultimately implement tariffs on a much narrower set of products than he had threatened...
Markets Retreat as Threat Environment Worsens
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Markets are dressed in red for all the wrong reasons this morning. Most major currencies are down against the dollar on a month- and year-to-date basis as increasingly-hawkish policy expectations intersect...
Central bank divergence
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• Calm down. A sense of calm returned overnight. US equities consolidated & the US yield curve steepened. USD held its ground. AUD ticked up a little.• Central banks. BoE kept rates steady but kept...
“Bad Santa” Shock Hits Markets
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This year’s Santa rally came with a Fed clause. Markets are recovering, but remain in turmoil after officials at the world’s most powerful central bank turned far more hawkish on the year ahead than almost...
Markets Brace for Fed's "Hawkish Cut"
18 December, 2024
Financial markets are treading water this morning ahead of the year’s last Federal Reserve decision. US Treasury yields and the dollar are holding in narrow trading ranges, equity markets are pushing higher,...