Economic Insights: Best annual wages growth in 3½ years
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Morning Report
15 Nov 18, 8am (AEDT) US shares declined overnight. Apple received a broker downgrade citing concerns about a slowdown in iPhone sales. Theresa May secured Cabinet support for her Brexit deal. PREVIOUS REPORT
RBA lifts economic growth forecasts
9 Nov 18. The RBA has lifted forecasts for economic growth & revised down forecasts for unemployment.
China fires up the growth locomotive
14 Nov 18. It’s back to the future in China if today’s monthly economic activity data is any guide.
Chinese export growth hits 8mth high
8 Nov 18. China’s international trade surplus rose by US$2.31 billion to US$34.01 billion (forecast: US$35billion) in October.
Best annual wages growth in 3½ years
14 Nov 18. The wage price index rose 0.6% in the September quarter. Annual wage growth lifted from 2.14% cent to a 3½-year high of 2.29%.
Weekly consumer sentiment
6 Nov 18. Consumer inflation expectations over the next two years fell from 4.4% to 4.1% last week – the equal lowest level in over four months.
Consumer sentiment lifts as petrol falls
13 Nov 18. The ANZ-Roy Morgan consumer confidence rating rose by 2.6 per cent to 119.8 in the past week. The index is now at a 4-month high.
Biggest fall in petrol prices in a decade
5 Nov 18. The national average price of unleaded petrol fell by 6.7 cents a litre last week to 149.4 cents a litre - the biggest weekly drop in 10 years.
The Week Ahead
9 Nov 18. In Australia, the job market dominates proceedings in the coming week. The wage price index is released on Wednesday while the October monthly jobs data is due on Thursday. WATCH VIDEO
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