Categories
Economy Recession

Household Spending Surges

#Recession #Economy #Australia Surprisingly household spending intentions are looking up. A temporary blip or a change in trend? Household Spending Intentions Series. September 2019 https://www.commbank.com.au/content/dam/commbank-assets/business/insights/2019-09/cba-hsi-sep19.pdf

Categories
Economy Recession

Australia’s Hidden Recession

#Recession #Economy #Australia Former Treasurer Peter Costello believes Australia has been in a hidden recession. References Has Australia had a hidden recession? Peter Costello thinks so https://au.finance.yahoo.com/news/has-australia-had-a-hidden-recession-peter-costello-thinks-so-011830750.html

Categories
AUSPol Political Commentary

Foreign Influence on Australian Companies

#Australia #Influence #Politics Foreign Influence on Australian Companies is going to be recorded. References https://www.abc.net.au/news/2019-09-25/australian-companies-asked-go-on-foreign-transparency-register/11545184?section=business

Categories
Economy Recession

Tax Returns to Save the Economy

#Economy #Recession #RBA The RBA is hoping that tax returns will save the Australian economy. References Australians reap tax refunds worth $17.4 billion, as RBA signals tax cuts will boost https://www.abc.net.au/news/2019-09-26/australians-reap-tax-refunds-worth-$17.4-billion/11548186?section=business

Categories
Political Commentary

Construction Industry Collapses

#Economy #Recession #Construction The NSW construction industry is collapsing with the largest number of bankruptcies since 2015. References Stamp duty crash wipes $2.5b from NSW Budget Construction companies in NSW collapsing at record rate as building slowdown biteshttps://www.abc.net.au/news/2019-09-26/nsw-construction-companies-liquidated-in-record-numbers/11512002?section=business Housing fall blows $5.2bn hole in Victorian budgethttps://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751

Categories
Banking Economy

Major Banks Adopt UN Principles

#Economy #Recession #RBA Major banks around the world are adopting UN principles for societies goals. References https://news.un.org/en/story/2019/09/1046982

Categories
Economy

China’s Australian Tourism Crashes

#China #Australia #Tourism Chinese tourism to Australia has crashed with a potential $800 million dollar hit to our economy. References https://www.bloomberg.com/news/articles/2019-09-23/big-blue-diamond-found-by-struggling-petra-at-flagship-mine

Categories
Economy Recession

Australia’s Economic Slowdown

#Economy #Recession #RBA The RBA is uncertain why the Australian economy is slowing down. And they are our central planners’ people. References RBA notes ‘unexplained’ reasons beyond the drought are slowing the Australian economyhttps://www.news.com.au/finance/economy/australian-economy/rba-notes-unexplained-reasons-beyond-the-drought-are-slowing-the-australian-economy/news-story/1cb9175850390cdc2650d632eaca5e63

Categories
Economy

Germany’s Manufacturing Recession

#Germany #Recession #Manufacturing Germany’s manufacturing sector is in recession. References ASX to fall, European stocks fall as German manufacturing recession deepens https://www.abc.net.au/news/2019-09-24/wall-street-european-markets-germany-manufacturing-recession/11541368?section=business

Categories
Construction

National Construction Code Changes

#NCC #Construction #Australia The Australian Building Code Board is making out of cycle changes to the National Construction Code as a response to the Shergold Weir Report. References NCC 2019 Amendment 1 Public Comment Draft https://consultation.abcb.gov.au/engagement/ncc-2019-amendment-1/?utm_source=NCC+subscription+list+%5BAll%5D&utm_campaign=f95867adcc-EMAIL_CAMPAIGN_2019_09_09_05_10_COPY_01&utm_medium=email&utm_term=0_5e6389f8aa-f95867adcc-52874419