Australian Economy

The ABS has just released business indicators data for the September quarter: Of most importance, inventories declined 1.9% over Q3 (versus expected -0.6% and +0.2% in Q2): This came as the Delta strain shut down NSW, Victoria and the ACT.

For the past three decades, the application of blockchain technology has been quickly gaining popularity and adoption in economic systems.

The website of labour hire firm Owen Pacific Workforce indicates it intends to hire workers under the federal government’s new agriculture visa, although a spokeswoman for the company has stated it is not taking part in the first phase.

Below is an article I wrote for News.com.au: It’s been hailed as “early Christmas” gift for hospitality, but reopening international borders could have a big downside.

Deloitte and KPMG will soon allow Australians to work remotely from overseas: Deloitte sent an email to its 3000 Australian staff on Tuesday outlining the new work perk, which would allow them to take a trip overseas and work remotely including in destinations like Britain, Singapore and India.

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 2.2% seasonally adjusted fall in capex volumes over the quarter but a 12.9% increase over the year (see below table).

It’s going to be a decent year ahead for business investment which is no great surprise given the huge budget incentives for just that.

The Morrison Government will make changes to the temporary skills shortages (TSS) visa to address so-called labour shortages in key sectors of the economy.

Victoria has recorded another 1254 COVID cases and five deaths: By comparison, NSW recorded 276 COVID cases and zero deaths: Daily cases remain elevated in Victoria and have basically flatlined over the past four weeks.

Callam Pickering, economist at global jobs site Indeed, has updated hits job postings series, which continues to boom.

Roy Morgan has released inflations expectations for November, which has reached a seven year high: In November 2021 Australians expected inflation of 4.9% annually over the next two years, up 0.1% points, and the highest Inflation Expectations for seven years since November 2014.

The Australian Bureau of Statistics (ABS) has released preliminary data on construction work done, which fell slightly over the September quarter on the back of lower non-residential building construction.

Labor leader Anthony Albanese has tabled a private members’ bill which he says aims to end the ‘labour hire rorts’ that are “ripping off” workers across the Australian economy.

Sales presentations that close deals take a lot of work to build, but they’re achievable.

Australia will re-open its international borders to overseas students, skilled visa holders and working holiday makers, with Home Affairs Minister Karen Andrews expecting that at least 200,000 migrant workers will arrive in Australia by July.