Archived News for Finance Sector Professionals - May, 2013
National dwelling approvals have recorded a slight upswing in April, recording the first rally in 2013 according to the latest figures released by the Australian Bureau of Statistics (ABS).
Consumer sentiment has taken a battering in May, with the lowest reading of the Westpac Melbourne Institute Index of Consumer Sentiment falling by 7 per cent over the last month.
The number of actively trading businesses in Australia increased by 0.4 per cent between the 2010–11 and 2011–12 financial years, according to figures released by the Australian Bureau of Statistics (ABS) today.
The Commonwealth Bank’s Business Sales Index (BSI) has continued its rally, posting a 0.5 per cent increase in trend terms in April, representing a 4.9 per cent growth in annualised figures.
The Federal Government has introduced legislation before Parliament that will allow Australians over 60 from July, and those over 50 from July 2014, to be able to contribute up to $10,000 more to their super at the concessional tax rate.
This week’s Federal Budget has secured funding for the rollout Murray-Darling Basin reform, delivering on a range of key reforms according to Federal Environment Minister Tony Burke.
Business confidence has taken a battering over the past month, with conditions remaining very difficult and the tentative signs of a return to form all but drying up.
Holders of 457 visas have a high level of job satisfaction, integrate well into the broader Australian labour force and provide critical skills that supplement the Australian economy, according to the latest findings from the Migration Council of Australia.
Four in five Australians are concerned they’re not saving enough, while a third feel that they’re not saving sufficiently to meet their goals, according to the RAMS Savings Satisfaction Report 2013.
Combating cost pressures, reducing burdensome red tape and relieving the tax burden are just some of the top demands of 1,700 of the nation’s businesses, according to the latest Australian Chamber of Commerce and Industry (ACCI) survey.
The nation’s construction sector has hit a seven month low in April, according to the latest Australian Industry Group (Ai Group)/Housing Industry Association (HIA)’s Australian Performance of Construction Index (PCI).
Even when things are going well, almost 40 per cent of Australians ‘stress out’ about their personal finances, according to a new ANZ survey into Australians’ views on money.