Archived News for Finance Sector Professionals - June, 2013
The nation’s business conditions have remained largely unchanged, with mediocre confidence continuing to plague the business community according to NAB’s monthly business survey.
The Reserve Bank of Australia (RBA) has announced it has left the nation’s official cash rate unchanged at 2.75 per cent, following the board’s meeting earlier this week.
Despite 40 per cent of businesses expressing confidence in the economy over the next year, and 68 per cent predicting increased business activity, employees shouldn’t expect to see a little extra something in their pay packets according to international recruitment specialists Hays.
Increasing the carbon price’s emission reduction target from 5 per cent to 25 per cent by 2020 would have a marginal impact on the economy, according to the latest economic modeling released by WWF-Australia.
Latest Australian Bureau of Statistics (ABS) figures show that in seasonally adjusted, current price terms, the current account deficit decreased $6,249m (42 per cent) to $8,510m in the March quarter 2013. Exports of goods and services rose $2,450m (3 per cent) and imports of goods and services fell $3,130m (4 per cent). The primary income deficit fell $681m (7 per cent).
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.2 per cent in April 2013, seasonally adjusted, following a fall of 0.4 per cent in March 2013.
An independent report into the costs of living has found that inflation has been largely kept under control, rising by an estimated 0.2 per cent in May, following a 0.3 per cent increase in April.