Archived News for Finance Sector Professionals - April, 2013
Dwelling approvals have taken a drop in the first three moenths of 2013, reversing a strong period of growth throughout 2012, according to the latest Australian Bureau of Statistics (ABS) Building Approvals report.
Providers of MySuper products will soon be required to disclose investment risk, dollar value of fees and their investment performance in an easy to read and understand way after the Federal Government took the lid off new draft regulations.
The Federal Government could soon be facing budget deficits of up to $60 billion a year, according to a new Grattan Institute report into the health of the nation’s finances.
Almost a quarter of Australians are now ‘financially fit’, thanks to a healthy savings mentality and a resilient local economy, according to the latest research from Bankwest.
Low interest rates and controlled inflation have failed to dampen Australians’ new found love of savings, with the average household savings rising to $15,427 from $5,155 over the last two years.
The Productivity Commission has tracked the ever-changing nature of the Australian workforce, publishing a report into the different arrangements of employment over the 2001-11 period.
The Consumer Price Index (CPI) has increased by 0.4 per cent in the March quarter, following on from a 0.2 per cent increase in December, according to the latest figures released by the Australian Bureau of Statistics (ABS).
Finance and property have come out as the two shining industries of the Australian economy, driving the first lift in business confidence since 2011, according to NAB’s latest Quarterly Business Survey.
Consumer spending has recorded its seven straight month of growth, posting a healthy 0.4 per cent increase in March according to the Commonwealth Bank’s latest Business Sales Indicator (BSI).
Australians are increasingly returning to their spend-thrift ways, with more consumers planning to use their credit cards this quarter, while savings will be less of a focus, according to the latest research from Dunn and Bradstreet (D&B).
The nation’s economic activity has hit 4.2 per cent in February, comfortably above the 2.8 per cent long term trend growth, according to the latest Westpac-Melbourne Institute Leading Index.
The value of residential and non-residential building work done throughout the country has increased by 1.2 per cent over the last quarter, according to new data released by the Australian Bureau of Statistics (ABS).
Debit card usage by Australians is surging ahead, with the total usage set to overtake credit card use within the coming years according to the latest figures released by Roy Morgan Research.