The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) remained in negative territory in January 2019, recording only a marginal easing in the rate of decline in rising 0.5 points to 43.1 (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell noted the Commissioner’s acknowledgement that the Australian Banking Association (ABA) Code of Banking Practice is ‘the chief protection for small business borrowers’ and welcomes the strengthening of the code with enforceable code provisions. A breach of such provisions would constitute a breach of the law.
Australia’s trend unemployment rate remained steady in December 2018 at 5.0 per cent, from a revised November 2018 figure, according to the latest information released by the Australian Bureau of Statistics (ABS).
The Australian Industry Group released its 2019 national CEO survey which examines the prospects for business and the economy in the year ahead.
“HIA New Home Sales continued the declining trend that we saw throughout most of 2018,” said Geordan Murray, HIA Senior Economist.
The latest Agricultural Commodities Report shows the value of farm production is forecast to remain above the ten year average despite drought in parts of Australia.
An OECD report released confirms that Australia is falling behind in the global battle to attract the investment we need to create jobs, grow wages and boost living standards, Business Council chief executive Jennifer Westacott said.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 1.9 points to 42.6 in December 2018, indicating a fourth consecutive month of decline and the sharpest rate of contraction in five and a half years (readings below 50 indicate contraction in activity, with the distance from 50 indicating […]
The NSW Valuer General released the land values for every parcel of land across NSW. The land values are for the value of the land only, as at 1 July 2018.
“After a string of weak months, it is pleasing to see new home sales finishing the year on a slightly more positive note,” said Geordan Murray, HIA Senior Economist.