State of the States: How were Australia’s state and territory economies positioned before COVID-19?
The Markets
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Evening Report
26 May 20, 4.30pm (AEST). The Aussie market has continued on from Monday’s good form, following up with an even better performance on Tuesday. The ASX 200 rose 164 points or 2.9% to 5780. PREVIOUS REPORT
Covid-19: Re-opening of the economy
25 May 20. Australia has made good progress in stopping COVID-19 and the focus shits to re-opening the economy.
QLD dominates unemployment
21 May 20. Toowoomba in Queensland had the highest jobless rate across Australia in April at 12.2 per cent.
The New Accord - Prime Minster speech
26 May 20. Prime Minster has outlined the JobMaker plan, a set of proposals that is designed to create jobs and help the country accelerate out of the COVID-19 crisis.
Still savings for motorists on petrol
25 May 20. The days of super-cheap petrol appear over for now, but average price of unleaded petrol fell by 1.5 cents last week to 109.8 cents a litre.
Consumer confidence lifts
26 May 20. The weekly ANZ-Roy Morgan consumer confidence rating rose by rose by 0.4 per cent to 92.7 points. Sentiment has lifted for eight straight weeks.
What happened to the job market in April?
18 May 20. Employment fell by almost 600,000 between March and April but the Government protected some workers through the JobKeeper and JobSeeker.
Record decline in retail sales
20 May 20. ‘Preliminary’ retail trade fell by a record 17.9 per cent in April after rising a record 8.5 per cent increase in March.
The Week Ahead
22 May 20. In the coming week, there is a paucity of economic indicators in Australia. Data on construction activity and business investment is released but figures will only be partly affected by COVID-19 shutdown. WATCH VIDEO
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