Australian Economy

Via the AIG: Apparently retail is booming.

The September quarter Business Indicators report was released by the ABS, which includes aggregate wages & salaries data, namely “gross earnings before taxation and other deductions” and “includes provisions for employee entitlements”.

Earlier this week we reported the findings of the Australian Bureau of Statistic’s (ABS) latest Personal Income of Migrants survey for 2016-17, which revealed that skilled permanent migrants that have arrived in Australia since 1 January 2000 earned an appallingly low median of only $55,900 in 2016-17.

Via Martin North: DFA has released our mortgage stress survey results to the end of November.

Hoocoodnode?

Via the Climate Council today: A long-term warming trend from the burning of coal, oil and gas is supercharging extreme weather events, putting Australian lives, our economy and our environment at risk.

Roy Morgan Research has released research showing that Netflix and Stan have dominated growth in subscription television services, whereas Foxtel is struggling to maintain its foothold: New Roy Morgan research shows over 14.5 million Australians now have access to some form of Pay TV/Subscription TV, up 8.2% on a year ago.

More partials indicators have been released, which feed into tomorrow’s national accounts release for the September quarter.

Via Banking Day: The Centre Alliance Party is employing an unusual strategy to put pressure on the government to legislate reforms to the small amount credit contract and consumer leasing markets.

It is logical that the last thing to fall in modern Australia will be house prices!

As Sydney’s population continues to grow like a science experiment on the back of never-ending mass immigration: The city has experienced growing congestion across all public services and infrastructure, including roads, public transport, schools and hospitals.

Down they go: ANZ Job Ads slid a further 1.7% m/m in November and are now down almost 15% from their cyclical peak in May 2018.

October monthly inflation out from Melbourne Institute and it’s another donut for an annual figure of 1.5%: The last seven months have printed a grand total of 0.5% inflation.

Because Recessionberg.

The jig is up for Aussie household debt.

Via HIA: “New Home Sales and Housing Finance data indicate that the housing market has stabilised over the past 6 months,” stated HIA Economist, Angela Lillicrap.