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
Payrolls Smash Forecasts, Propelling Dollar Higher
04 October, 2024
The US job creation engine snapped back into high gear in September, crushing odds on a second outsized rate cut at the Federal Reserve’s November meeting. According to data just released by the Bureau...
Caution Grows as Payrolls Loom
04 October, 2024
Traders are signing pre-nuptial agreements with their positions this morning, avoiding exposure to downside risk ahead of a potentially-pivotal non-farm payrolls report. The dollar’s gains are slowing...
AUD/NZD: RBNZ needs to get moving
03 October, 2024
The NZD’s revival against the AUD, which washed through from end-July to mid-September on the back of stronger dairy prices (NZ’s major export) at the start of the new season and concerns about China’s...
Middle East nerves
03 October, 2024
• Oil spike. Comments by US President Biden relating to the Middle East conflict pushed up oil. Shaky risk sentiment supported the USD. AUD a bit lower.• GBP weaker. Dovish BoE rhetoric weighed on GBP....
Dollar Keeps Climbing the 'Wall of Worry'
03 October, 2024
The dollar is holding near a two-week high, boosted by safe haven demand and a diminishing sense of conviction in a steep rate-cutting cycle from the Federal Reserve.
Oil prices are still grinding higher...
Middle East Turmoil Keeps Markets In Risk-Off Mode
02 October, 2024
Fear levels are subsiding across global financial markets after Iran launched at least 180 ballistic missiles at Israel yesterday without inflicting large numbers of casualties or causing significant damage...
Middle East tensions rock the boat
01 October, 2024
• Geopolitics. Developments in the Middle East dampened sentiment. Equities & bond yields declined. USD a little firmer. AUD modestly lower.• Oil & vol. Brent crude prices increased, but now look...
US Fed remains data dependent
30 September, 2024
• China focus. The surge in China’s equity market continued yesterday. Iron ore prices also higher. This helped the AUD add to recent gains.• Fed Chair. US yields & the USD clawed back some ground...
Will the US jobs market continue to buckle?
29 September, 2024
• Mixed markets. Equities in China continue to power ahead, while lower inflation weighed on European/US bond yields. USD near 2024 lows.• AUD holding. AUD remains near the top of the range it has occupied...
US Inflation Subsides and Canadian Economy Flatlines
27 September, 2024
The Federal Reserve’s preferred inflation measure continued its moderation in August and personal spending missed expectations, helping bolster bets on a second consecutive oversized rate cut at the central...