Economic Insights: Find out how our spending habits have changed compared to 25 years ago

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Evening Report

18 June 19, 4:30pm (AEST). Aussie shares added to early gains thanks to further signs of RBA rate cuts and improvements across all sectors. Coles rose strongly on its refreshed strategy. PREVIOUS REPORT

RBA cuts cash rate to 1.25%

4 Jun 19. The RBA has cut the cash rate by 0.25% to a record low of 1.25% - its first move in 34 months.

Month in Review: May

5 Jun 19. Global sharemarkets weakened over May as investors re-assessed the outlook following a stalling in US-China trade talks. Australian shares bucked the trend, lifting over 1% in May.

Two-speed job market

13 Jun 19. Employment rose for the 12th month, up by 42,300 in May after an upwardly revised 43,100 increase in April. CommSec is pencilling in another rate cut for August. But we are looking for debate about whether there is value in cutting rates much further. 

Business confidence at 10-month high

11 Jun 19. The latest business story supports the recent Reserve Bank move to cut interest rates. Business confidence rose in April to a 10-month high of +7.3 points.

The Economy: Now & 25 years ago

11 Jun 19.  Over the past 25 years, Aussies have increased their share of spending on housing, insurance, education, health, medicines and electricity/gas.

Aussie housing wealth hits 2-year lows

18 Jun 19. Aussie home prices fell by 3% in the March quarter to stand 7.4% lower over the year. It appears that interest rates are likely to be reduced further. 

Brisbane and Sydney petrol prices surge

17 Jun 19. According to data from MotorMouth and Informed Sources, unleaded petrol prices rose by 23-28 cents a litre in Brisbane and Sydney last week.

The Week Ahead

14 Jun 19. In the coming week, Reserve Bank events dominate. Governor Philip Lowe’s speech in Adelaide on Thursday will hog the headlines. In the US, the Federal Reserve interest rate decision is the key focus of investors. WATCH VIDEO 

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Markit On Demand

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