China and Japan will struggle through the first half of 2024, while India will continue as Asia’s fastest-growing economy. Monetary policy normalisation should begin mid-2024 as inflation tracks lower towards central bank target ranges; central banks in China and Japan will keep bucking this trend. Merchandise exports should mend in the second half as global growth turns a corner. We quantified the impact of stickier-than-expected inflation...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 298,297 | 298,026 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Private Consumption | 2023 Q4 | 331,154 | 328,210 | Mil. AUD, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 665,426 | 656,059 | Mil. AUD, SA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 609,750 | 608,293 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Real Government Consumption | 2023 Q4 | 134,015 | 133,274 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 144,342 | 144,675 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 161,568 | 160,472 | Mil. AUD, SA | Quarterly |
Government Consumption | 2023 Q4 | 146,533 | 143,790 | Mil. AUD, SA | Quarterly |
Real Investment | 2017 | 421,493,000,000 | 419,805,000,000 | NCU | Annual |
Investment | 2017 | 424,279,000,000 | 419,805,000,000 | NCU | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | 2023 Q4 | 128.2 | 127 | Index FY 2012=100, NSA | Quarterly |
Consumer Price Index (CPI) | 2023 Q4 | 136.1 | 135.3 | Index FY 2012=100, NSA | Quarterly |
Labor | Reference | Last | Previous | Units | Frequency |
Agriculture Employment | 2023 Q4 | 308.98 | 298.27 | Ths. #, NSA | Quarterly |
Labor Force | 2017 | 12,910,684 | 12,741,985 | # | Annual |
Unemployment Rate | 2017 | 5.59 | 5.72 | % of total labor force | Annual |
Wage & Salaries | 2016 | 47,610,000,000 | 45,343,000,000 | NCU | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Jan 2024 | -36,483 | -36,012 | Mil. AUD, SA | Monthly |
Exports of Goods | Jan 2024 | 47,511 | 46,754 | Mil. AUD, SA | Monthly |
Imports of Goods and Services | 2023 Q4 | 137,004 | 140,638 | Mil. AUD, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 126,137 | 130,524 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 163,946 | 164,402 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Real Net Exports | 2023 Q4 | 37,809 | 33,878 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Net Exports | 2023 Q4 | 32,362 | 24,171 | Mil. AUD, SA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 169,366 | 164,809 | Mil. AUD, SA | Quarterly |
Current Account Balance | 2023 Q4 | 11,800 | 1,276 | Mil. AUD, SA | Quarterly |
Balance of Goods | Aug 2023 | 9,640 | 7,324 | Mil. AUD, SA | Monthly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt | Jan 2024 | 3,600 | 3,583 | Bil. AUD, SA | Monthly |
Markets | Reference | Last | Previous | Units | Frequency |
Monetary Policy Rate | 18 Mar 2024 | 4.35 | 4.35 | Percent, NSA | Daily |
Money Market Rate | 15 Mar 2024 | 4.32 | 4.32 | Percent, NSA | Business Daily |
Average Long-term Government Bond | 13 Mar 2024 | 4.02 | 3.95 | %, NSA | Business Daily |
Stock Market Index | 04 Jan 2024 | 7,730 | 7,757 | Index, NSA | Daily |
Lending Rate | Nov 2019 | 4.8 | 4.8 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Residential Building Permits | Jan 2024 | 12,850 | 12,979 | #, SA | Monthly |
Non-residential Building Completions | 2023 Q4 | 14,572,027 | 13,883,743 | Ths. Ch. AUD, SA | Quarterly |
Building Completions | 2023 Q4 | 34,296,918 | 34,685,058 | Ths. Ch. AUD, SA | Quarterly |
Residential Building Completions | 2023 Q4 | 16,954,994 | 17,804,137 | Ths. Ch. AUD, SA | Quarterly |
Residential Housing Starts | 2023 Q3 | 13,916 | 15,561 | #, SA | Quarterly |
Housing Starts | 2023 Q3 | 22,741 | 25,184 | #, SA | Quarterly |
House Price Index | 2021 Q4 | 195.45 | 187.05 | Index FY 2012=100, SA | Quarterly |
House Price Value | 2021 Q2 | 619,804 | 590,891 | AUD, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | 86.02 | 80.98 | Index, SA | Monthly |
Personal Income | 2023 Q4 | 17,716 | 17,579 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Retail Sales | Aug 2023 | 35,432 | 35,370 | Mil. AUD, SA | Monthly |
Real Retail Sales | 2021 Q2 | 87,049 | 86,391 | Mil. Ch. FY 2019 AUD, SA | Quarterly |
Business | Reference | Last | Previous | Units | Frequency |
Real Change in Inventories | 2023 Q4 | -2,709 | -640 | Mil. Ch. FY 2022 AUD, SA | Quarterly |
Change in Inventories | 2023 Q4 | -4,003 | 407 | Mil. AUD, SA | Quarterly |
Industrial Production | 2023 Q4 | 100.5 | 100.1 | Index FY 2022=100, SA | Quarterly |
Business Confidence | Aug 2023 | 100.23 | 100.1 | Index long term avg=100, SA | Monthly |
Demographics | Reference | Last | Previous | Units | Frequency |
Deaths | 2023 Q2 | 46.2 | 45.5 | Ths. #, NSA | Quarterly |
Births | 2023 Q2 | 71.1 | 74.9 | Ths. #, NSA | Quarterly |
Population | 2023 Q2 | 26,638,544 | 26,491,774 | #, NSA | Quarterly |
Net Migration | 2017 | 849,966 | # | Annual | |
Birth Rate | 2016 | 12.5 | # per Ths. pop. | Annual | |
Death Rate | 2005 | 6.4 | 6.5 | # per Ths. pop. | Annual |