According to NAB’s Online Retail Index for September, online retail sales are continuing to grow, up 23% on last September. For September 2012 Australia’s online retail sales were $12.1 million, 5.5% of “bricks and mortar” retail sales (this figure excludes cafes, restaurants and takeaway food). The rate of growth for…
Global outlook: The latest business surveys suggest that conditions in the big advanced economies have stabilised after the softening in growth that took place since late 2011. Monthly trade and industrial indicators still point to a broad-based slowing across the emerging economies that have been driving most global economic growth…
To the surprise of the majority of analysts and economists yesterday The Reserve Bank lowered the cash rate by 25 basis points to 3.25%, the lowest rate in three years, and the 5th cut in the past 12 months. In a statement accompanying the decision, RBA governor Glenn Stevens said…
Scarred by losses in the share market and nervous about the global economy, more people are turning to the security of bricks and mortar and investing in property through their self-managed super funds. Direct investment in property has traditionally been restricted to those with huge amounts of money in their…
Just as the majority of Economists predicted, at its monthly meeting today The Reserve Bank of Australia decided to keep the cash rate on hold, while it awaits indicative signs of the global economy. The cash rate remains 3.5 percent. ‘‘The RBA seems comfortable with the current accommodative monetary policy…
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