Hunter Economic Indicators

Size: px
Start display at page:

Download "Hunter Economic Indicators"

Transcription

1 Hunter Economic Indicators June Quarter 2017 Dr Anthea Bill, Lead Economist Presentation Friday 4 August 2017

2 Presentation outline International: moderate growth, Euro-zone improves National: GDP slows but labour market improves Hunter Economy: divergence ~ businesses & households Youth labour market

3 OECD: GDP results March quarter % Australia Quarterly Real GDP Growth GDP: Gross Domestic Product

4 Unpacked: Australia s March GDP result Exports Housing Services Consumption

5 Summary macro trends Weakening of quarterly GDP result Unemployment rate 4-year low, full-time job growth trends up Consumer spending soft in line with modest income growth Moderation in house price growth, recent resurgence Melbourne Global backdrop improved: Euro-zone improves and Chinese growth continues

6 Youth Employment and Opportunities

7 Comparison, youth unemployment rates % Mining CAPEX Investment Youth, Hunter Youth, NSW Youth, Australia 3.0 Jun-11 Feb-12 Oct-12 Jun-13 Feb-14 Oct-14 Jun-15 Feb-16 Oct-16 Jun-17 Source: ABS Labour Force Survey.

8 Record high: Youth underemployment rate National Underemployment Rate Source: ABS Labour Force Survey.

9 Youth apprenticeships Completions, youth apprenticeships and trainees

10 Hunter Economy

11 Full-time job growth Employment (3-month moving average), Hunter and NSW

12 Unemployment rate falls, above NSW Unemployment rates (3-month moving average), Hunter and NSW

13 Residential market, median price decline Median house prices

14 Decline approvals new houses: blip or a trend? Annualised new housing approvals

15 HRF Centre s Hunter Pulse Surveys 300 businesses and 300 consumers

16 Business: recovery continues Business confidence and profitability Business Confidence (12 months) Profitability* (last 3 months) JUN 02 JUN 05 JUN 08 JUN 11 JUN 14 JUN 17 SOURCE: HRF Centre Pulse Business Surveys * linear extrapolation due to missing data, June quarter 2015.

17 Consumer sentiment: relatively subdued Consumer spending and confidence

18 Consumer spending: downward shift Hunter consumer spending, longer-term Pre-GFC* average Post-GFC average 0.00 JUN 02 JUN 04 JUN 06 JUN 08 JUN 10 JUN 12 JUN 14 JUN 16 SOURCE: HRF Centre Hunter Pulse Household Surveys *GFC, Global Financial Crisis.

19 Regional outlook households & businesses diverge 12-Month economic and financial outlook

20 Summary: Household & business optimism diverge Strong signs Business performance strengthens, and confidence above average Full-time job growth, youth unemployment trends down Business and household confidence in regional economy above long-term averages Downside risks... Softness in labour market - underemployment Household consumption subdued Slowing of residential housing market

21 Thank you Our latest Hunter Region Economic Indicators publication is available as you leave today

Monthly Bulletin of Economic Trends: Economic Activity in the Major States

Monthly Bulletin of Economic Trends: Economic Activity in the Major States MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Economic Activity in the Major States October 2018 Released at 11AM on 25 October 2018 Economic Activity in the

More information

Monthly Bulletin of Economic Trends: Review of the Australian Economy

Monthly Bulletin of Economic Trends: Review of the Australian Economy MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Review of the Australian Economy March 2018 Released on 22 March 2018 Outlook for Australia 1 Economic Activity

More information

Australian Economy April Julie Toth Chief Economist Australian Industry Group

Australian Economy April Julie Toth Chief Economist Australian Industry Group Australian Economy April 2018 Julie Toth Chief Economist Australian Industry Group No recession in 26 years (since 1991) but we re still quite slow and fragile. Real GDP grew by only 2.4% in Q4 of 2017

More information

GDP Growth Outlook Heavily Dependent on Consumer Spending. Which Relies on Net Job Gains Plus Modest Pick Up in Wages Growth

GDP Growth Outlook Heavily Dependent on Consumer Spending. Which Relies on Net Job Gains Plus Modest Pick Up in Wages Growth GDP Growth Outlook Heavily Dependent on Consumer Spending Which Relies on Net Job Gains Plus Modest Pick Up in Wages Growth Plus Some Recourse to Increased Borrowings. 2 Introduction The only function

More information

Monthly Bulletin of Economic Trends: Economic Activity in the Major States

Monthly Bulletin of Economic Trends: Economic Activity in the Major States MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Economic Activity in the Major States January 2018 Monthly Bulletin of Economic Trends January 2018 Released

More information

NZIER Consensus Forecasts

NZIER Consensus Forecasts NZIER Consensus Forecasts Embargoed until am Tuesday December Prepared by Peter O Connor Incorporating returns received up to Tuesday December Recovery slowing, to strengthen in The NZIER Consensus Forecasts

More information

Monthly Bulletin of Economic Trends: Review of the Australian Economy

Monthly Bulletin of Economic Trends: Review of the Australian Economy MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Review of the Australian Economy December 7 Released on December 7 Outlook for Australia Economic Activity Actual

More information

Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Minutes of the Monetary Policy Meeting of the Reserve Bank Board Minutes of the Monetary Policy Meeting of the Reserve Bank Board Sydney 4 December 2018 Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM,

More information

The Outlook for the Australian Residential Sector Presentation to Buildex

The Outlook for the Australian Residential Sector Presentation to Buildex The Outlook for the Australian Residential Sector Presentation to Buildex Andrew Harvey HIA Senior Economist October 2010 Presentation Outline The economic backdrop global economy domestic economic outlook

More information

Consensus Forecasts. Real GDP Growth. Growth outlook still solid, says NZIER Consensus Forecasts. Annual average % change

Consensus Forecasts. Real GDP Growth. Growth outlook still solid, says NZIER Consensus Forecasts. Annual average % change NZ Institute of Economic Research (Inc) Media release March Consensus Forecasts Growth outlook still solid, says NZIER Consensus Forecasts The latest NZIER Consensus Forecasts shows growth forecasts have

More information

9 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS

9 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS 9 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS This week the Reserve Bank of Australia (RBA) left the cash rate at a record low of 1.50%. The RBA expects inflation and wages to accelerate gradually from

More information

Living Standards Have Peaked This Decade

Living Standards Have Peaked This Decade Living Standards Have Peaked This Decade Janine Dixon Centre of Policy Studies, Victoria University June 2015 It will take an unlikely combination of strong productivity growth and falling real wages to

More information

NSW ECONOMIC OUTLOOK Monday, 26 March 2012

NSW ECONOMIC OUTLOOK Monday, 26 March 2012 NSW ECONOMIC OUTLOOK Monday, March 1 Summary: Over the past year the NSW economy has grown at a modest but below average pace. Looking forward, reduced financial market volatility, stable house prices

More information

Economic activity gathers pace

Economic activity gathers pace Produced by the Economic Research Unit October 2014 A quarterly analysis of trends in the Irish economy Economic activity gathers pace Positive data flow Recovery broadening out GDP growth revised up to

More information

Australia set for moderate economic growth in the year ahead RBA on hold this year, but risk of a rate cut not ruled out

Australia set for moderate economic growth in the year ahead RBA on hold this year, but risk of a rate cut not ruled out Media Release: Tuesday, 14 February 2017 Embargoed: until Tuesday, February 14 at 6:00 pm News Date: Wednesday, 15 February 2017 Australia set for moderate economic growth in the year ahead RBA on hold

More information

Consensus Forecast for 2013

Consensus Forecast for 2013 Consensus Forecast for 2013 William Strauss Senior Economist and Economic Advisor Review of past performance 1 The growth in real GDP was in-line with expectations quarterly forecasts made at last year

More information

Clime Asset Management

Clime Asset Management Clime Asset Management AIA National Investors Conference 2015 Macro Outlook 2015/16 John Abernethy Chief Investment Officer Clime Asset Management Disclaimer The information contained in this document

More information

The real change in private inventories added 0.22 percentage points to the second quarter GDP growth, after subtracting 0.65% in the first quarter.

The real change in private inventories added 0.22 percentage points to the second quarter GDP growth, after subtracting 0.65% in the first quarter. QIRGRETA Monthly Macroeconomic Commentary United States The U.S. economy bounced back in the second quarter of 2007, growing at the fastest pace in more than a year. According the final estimates released

More information

Victorian Economic Outlook

Victorian Economic Outlook Thursday, November 1 Victorian Economic Outlook Summary The Victorian economy has been through difficult conditions over the past few years. GSP grew by.% in 11-1, easing from growth of.7% in 1-11, and

More information

NAB MONTHLY BUSINESS SURVEY APRIL 2018 BUSINESS CONDITIONS AT RECORD LEVELS

NAB MONTHLY BUSINESS SURVEY APRIL 2018 BUSINESS CONDITIONS AT RECORD LEVELS EMBARGOED UNTIL: 11:3AM AEST, 7 MAY 218 NAB MONTHLY BUSINESS SURVEY APRIL 218 BUSINESS CONDITIONS AT RECORD LEVELS NAB Australian Economics There was a significant improvement in business conditions in

More information

QLD ECONOMIC OUTLOOK Friday, 20 July 2012

QLD ECONOMIC OUTLOOK Friday, 20 July 2012 QLD ECONOMIC OUTLOOK Friday, 2 July 2 Summary: Queensland s economy has been growing at a very strong pace, recovering well after the floods and cyclone in early 2. State final demand grew by a solid 7.5%

More information

MACRO INVESTMENT OUTLOOK

MACRO INVESTMENT OUTLOOK MACRO INVESTMENT OUTLOOK AUGUST 18 INVESTMENT STRATEGY AND DYNAMIC MARKETS TEAM, MULTI ASSET GROUP GLOBAL SHARES CONSTRAINED BY TRADE WAR FEARS BUT AUSTRALIAN SHARES RELATIVELY RESILIENT 5 Australia -

More information

Australian Dollar Outlook

Australian Dollar Outlook Tuesday, 31 March 015 Australian Dollar Outlook Still Under Pressure We have revised our AUD forecasts for this year down slightly to reflect developments over recent months. We now expect the AUD to end

More information

OCTOBER 2017 CONTENTS. Key points:

OCTOBER 2017 CONTENTS. Key points: EMBARGOED UNTIL: 11.3AM TUESDAY 14 NOVEMBER 217 NAB MONTHLY BUSINESS SURVEY OCTOBER 217 Key points: Table 1: Key monthly business statistics * All data seasonally adjusted and subject to revision. Cost

More information

Danske Bank March 1 ST 2016 Economic Update,

Danske Bank March 1 ST 2016 Economic Update, Monthly update: Tuesday 1 March 2016 Danske Bank Chief Economist, Twitter: angela_mcgowan Local job and investment announcements during January 2016: The NI economy suffered a significant blow during the

More information

OUTLOOK WESTERN AUSTRALIA S TURNING POINT ABOUT OUTLOOK

OUTLOOK WESTERN AUSTRALIA S TURNING POINT ABOUT OUTLOOK OUTLOOK February 2018 I Chamber of Commerce and Industry of Western Australia (Inc) WESTERN AUSTRALIA S TURNING POINT ABOUT OUTLOOK Outlook is CCIWA s biannual analysis of the Western Australian economy.

More information

GIMA Pulse Date of Report: 04/12/2017 a monthly snapshot of the UK Economy from

GIMA Pulse Date of Report: 04/12/2017 a monthly snapshot of the UK Economy from GIMA Pulse Date of Report: 04/12/2017 a monthly snapshot of the UK Economy from www.barometeroftrade.com Summary Inflation has slowed after reaching a 5-year-high last month, largely due to the weak performance

More information

HKU announces 2014 Q4 HK Macroeconomic Forecast

HKU announces 2014 Q4 HK Macroeconomic Forecast Press Release October 8, 2014 HKU announces 2014 Q4 HK Macroeconomic Forecast Hong Kong Economic Outlook The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the

More information

Consensus Forecasts. Real GDP Growth. NZIER Consensus Forecasts shows softer growth outlook. Annual average % change

Consensus Forecasts. Real GDP Growth. NZIER Consensus Forecasts shows softer growth outlook. Annual average % change NZ Institute of Economic Research (Inc) Media release December Consensus Forecasts NZIER Consensus Forecasts shows softer growth outlook The latest NZIER Consensus Forecasts expects a modestly softer growth

More information

Monthly Bulletin of Economic Trends: Households and Household Saving

Monthly Bulletin of Economic Trends: Households and Household Saving MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Households and Household Saving November 2018 Released at 11am on 22 November 2018 Housing and households Consumption

More information

HKU announces 2015 Q4 HK Macroeconomic Forecast

HKU announces 2015 Q4 HK Macroeconomic Forecast Press Release HKU announces 2015 Q4 HK Macroeconomic Forecast October 6, 2015 1 Overview The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University of Hong

More information

The Outlook for the Housing Industry in Western Australia

The Outlook for the Housing Industry in Western Australia The Outlook for the Housing Industry in Western Australia Dr Harley Dale HIA Chief Economist HIA Industry Outlook Breakfast Perth March 2012 Europe muddles while China rebalances China is looking to rebalance

More information

OECD ECONOMIC OUTLOOK

OECD ECONOMIC OUTLOOK OECD ECONOMIC OUTLOOK (A EUROPEAN AND GLOBAL PERSPECTIVE) GIC Conference, London, 3 June, 2016 Christian Kastrop Director, Economics Department Key messages 1 The global economy is stuck in a low growth

More information

Weekly Macroeconomic Review

Weekly Macroeconomic Review 16/10/2012 Weekly Macroeconomic Review Expectations derived from the capital market Our forecast Inflation in the coming months Inflation through September 2013 CPI (average annual rate) Inflation through

More information

Monthly Bulletin of Economic Trends: Households and Housing

Monthly Bulletin of Economic Trends: Households and Housing MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Households and Housing November 2017 Released on 24 November 2017 Outlook for Australia 1 Economic Activity Actual

More information

VICTORIAN BUILDING & CONSTRUCTION INDUSTRY OUTLOOK

VICTORIAN BUILDING & CONSTRUCTION INDUSTRY OUTLOOK VICTORIAN BUILDING & CONSTRUCTION INDUSTRY OUTLOOK MARCH 2017 QUARTERLY UPDATE 15 JUNE 2017 PREPARED FOR THE MASTER BUILDERS ASSOCIATION OF VICTORIA STAFF RESPONSIBLE FOR THIS REPORT WERE: Director Senior

More information

June Summary. Business investment weighs on growth. 1Q15 GDP Growth. Components of GDP

June Summary. Business investment weighs on growth. 1Q15 GDP Growth. Components of GDP Mar 95 Jul 96 Nov 97 Mar 99 Jul 00 Nov 01 Mar 03 Jul 04 Nov 05 Mar 07 Jul 08 Nov 09 GDP Australian 1Q15: GDP: An Export XXX Story June 2015 June 2015 Summary Business investment weighs on growth GDP grew

More information

HKU Announced 2013 Q3 HK Macroeconomic Forecast

HKU Announced 2013 Q3 HK Macroeconomic Forecast COMMUNICATIONS & PUBLIC AFFAIRS OFFICE THE UNIVERSITY OF HONG KONG Enquiry: 2859 1106 Website: http://www.hku.hk/cpao For Immediate Release HKU Announced 2013 Q3 HK Macroeconomic Forecast Hong Kong Economic

More information

The ECB Survey of Professional Forecasters. First quarter of 2017

The ECB Survey of Professional Forecasters. First quarter of 2017 The ECB Survey of Professional Forecasters First quarter of 217 January 217 Contents 1 Near-term inflation expectations a little higher, due to oil price rises 3 2 Longer-term inflation expectations unchanged

More information

23 February 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS. IMF updates assessment and forecasts for Australia

23 February 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS. IMF updates assessment and forecasts for Australia AUSTRALIAN ECONOMIC DEVELOPMENTS 23 February 2018 This week the IMF updated its assessment of Australia s economy. It noted Australia has been relatively successful in adjusting to the end of the mining

More information

Economics 2002 HIGHER SCHOOL CERTIFICATE EXAMINATION. Total marks 100. Section I. Pages 2 8

Economics 2002 HIGHER SCHOOL CERTIFICATE EXAMINATION. Total marks 100. Section I. Pages 2 8 2002 HIGHER SCHOOL CERTIFICATE EXAMINATION Economics Total marks 100 Section I Pages 2 8 General Instructions Reading time 5 minutes Working time 3 hours Write using black or blue pen Board-approved calculators

More information

RESULTS OF THE ECB SURVEY OF PROFESSIONAL FORECASTERS FOR THE SECOND QUARTER OF 2012

RESULTS OF THE ECB SURVEY OF PROFESSIONAL FORECASTERS FOR THE SECOND QUARTER OF 2012 Box 7 RESULTS OF THE SURVEY OF PROFESSIONAL FORECASTERS FOR THE SECOND QUARTER OF 212 This box reports the results of the Survey of Professional Forecasters (SPF) for the second quarter of 212. The survey

More information

Economic Indicator Movement Status (Favorable/Unfavorable)

Economic Indicator Movement Status (Favorable/Unfavorable) Economic Indicator Movement Status (Favorable/Unfavorable) Monthly Unemployment Rate Weekly Job Advertisements Monthly Online Job Advertisements Monthly Domestic Building Activity Monthly Non-Domestic

More information

Business Expectations Survey September 2017 Summary Review

Business Expectations Survey September 2017 Summary Review Business Expectations Survey September 2017 Summary Review 1. Introduction The BES summarises views of the business community regarding their perceptions about the current and future state of the economy.

More information

Economic Outlook. December Dan McLaughlin. Chief Economist

Economic Outlook. December Dan McLaughlin. Chief Economist Economic Outlook December 211 Chief Economist Dan McLaughlin 11q3(e) 11q1 1q3 Global growth has slowed this year... Global Growth (%) 6 4 2-2 -4-6 1q1 9q3 9q1 8q3 8q1 7q3 7q1 World US Euro And OECD expects

More information

UK Economic Outlook July 2017

UK Economic Outlook July 2017 www.pwc.co.uk/economics Contents 1 2 3 4 Global outlook UK economic trends and prospects UK housing market outlook Nowcasting current GDP growth PwC 2 Global growth in 2017 should be slightly stronger

More information

WA Economic Outlook. State Report Western Australia. Summary

WA Economic Outlook. State Report Western Australia. Summary Wednesday, Monday, 2925 June November 215 215 WA Economic Outlook Summary The glow from the mining investment boom is waning as large mining projects are completed, with little in the way of investment

More information

54 ECB RESULTS OF THE ECB SURVEY OF PROFESSIONAL FORECASTERS FOR THE FOURTH QUARTER OF 2009

54 ECB RESULTS OF THE ECB SURVEY OF PROFESSIONAL FORECASTERS FOR THE FOURTH QUARTER OF 2009 Box 7 RESULTS OF THE ECB SURVEY OF PROFESSIONAL FORECASTERS FOR THE FOURTH QUARTER OF 9 This box reports the results of the ECB Survey of Professional Forecasters (SPF) for the fourth quarter of 9. The

More information

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Research Economist Texas Society of Architects Contents 1. U.S. Economic Outlook 2. Texas Economic Outlook 3. Challenges and

More information

How Long Will Wage Restraint Persist?

How Long Will Wage Restraint Persist? How Long Will Wage Restraint Persist? Prospects For Wage Inflation in Advanced Economies Jacob Funk Kirkegaard Senior Fellow 4/4/2018 Peterson Institute for International Economics 1750 Massachusetts Ave.,

More information

Economic and Housing Outlook

Economic and Housing Outlook Economic and Housing Outlook Macdonald Realty Monday, January 23, 212 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: European developments U.S. economy and forecasts Canadian economic

More information

2.10 PROJECTIONS. Macroeconomic scenario for Italy (percentage changes on previous year, unless otherwise indicated)

2.10 PROJECTIONS. Macroeconomic scenario for Italy (percentage changes on previous year, unless otherwise indicated) . PROJECTIONS The projections for growth and inflation presented in this Economic Bulletin point to a strengthening of the economic recovery in Italy (Table ), based on the assumption that the weaker stimulus

More information

March June Summary. A sharp improvement in nominal growth. Components of GDP. 4Q16 GDP Growth

March June Summary. A sharp improvement in nominal growth. Components of GDP. 4Q16 GDP Growth GDP Australian 4Q16: GDP: A return XXX to growth June 2015 March 2017 Summary The economy returned decisively to growth in the final quarter of 2016, recording 1.1% growth q-q. This was boosted by household

More information

16 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS

16 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS 16 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS Australia s labour market continues to expand strongly in 2018. Jobs growth seems to be stronger than had been anticipated by the RBA, Government and financial

More information

The Victorian economy and government financial position

The Victorian economy and government financial position The n economy and government financial position Presentation to n Council of Social Service 26 Congress Saul Eslake Chief Economist ANZ RACV Centre Melbourne th August 26 4 th www.anz.com/go/economics

More information

The Outlook for the Housing Industry in New South Wales

The Outlook for the Housing Industry in New South Wales The Outlook for the Housing Industry in New South Wales Dr. Harley Dale HIA Chief Economist HIA Industry Outlook Breakfast Sydney March 2011 Where are we heading? The economic backdrop is improving and...

More information

Consensus Forecast 2010 and 2011

Consensus Forecast 2010 and 2011 Consensus Forecast 2010 and 2011 Seventeenth Annual Automotive Outlook Symposium Detroit, Michigan June 4, 2010 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Review

More information

20 July 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS

20 July 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS 20 July 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS This week the RBA reiterated its view that there is no case for a near-term change in the cash rate. Eventually the next move in the cash rate would more likely

More information

EMBARGOED UNTIL: 11:30AM AEDT, 30 JANUARY 2018 NAB MONTHLY BUSINESS SURVEY

EMBARGOED UNTIL: 11:30AM AEDT, 30 JANUARY 2018 NAB MONTHLY BUSINESS SURVEY EMBARGOED UNTIL: 11:3AM AEDT, 3 JANUARY 18 NAB MONTHLY BUSINESS SURVEY THE STATE OF PLAY ACCORDING TO BUSINESS - DECEMBER 17 NAB Australian Economics The NAB Monthly Business Survey indicate a strong business

More information

Province of Alberta Fort McMurray Investor Meetings

Province of Alberta Fort McMurray Investor Meetings Province of Alberta Fort McMurray Investor Meetings September, 217 Catherine Rothrock Chief Economist & Executive Director, Treasury Board and Finance and Tim Pierce Director Financing Capital Markets,

More information

International Monetary and Financial Committee

International Monetary and Financial Committee International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Angel Gurría Secretary-General The Organisation for Economic Co-operation and Development (OECD) IMF

More information

The ECB Survey of Professional Forecasters (SPF) Third quarter of 2016

The ECB Survey of Professional Forecasters (SPF) Third quarter of 2016 The ECB Survey of Professional Forecasters (SPF) Third quarter of 2016 July 2016 Contents 1 Inflation expectations revised slightly down for 2017 and 2018 3 2 Longer-term inflation expectations unchanged

More information

GDP growth above trend, while inflation pressures remain muted

GDP growth above trend, while inflation pressures remain muted NZ Economy - Overview 1 GDP growth above trend, while inflation pressures remain muted Leading indicators suggest a near-term annual GDP growth rate around a robust 3.-3.% YoY level Current supportive

More information

HKU announces 2015 Q3 HK Macroeconomic Forecast

HKU announces 2015 Q3 HK Macroeconomic Forecast Press Release HKU announces 2015 Q3 HK Macroeconomic Forecast July 7, 2015 1 Overview The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University of Hong

More information

WA ECONOMIC OUTLOOK Friday, 22 June 2012

WA ECONOMIC OUTLOOK Friday, 22 June 2012 WA ECONOMIC OUTLOOK Friday, 22 June 12 Summary: Western Australia has been an engine of growth for the Australian economy over the past few years. State final demand grew at an annual pace of 1.% in the

More information

The Outlook for the Housing Industry in Western Australia

The Outlook for the Housing Industry in Western Australia The Outlook for the Housing Industry in Western Australia Dr Harley Dale HIA Chief Economist HIA Industry Outlook Breakfast Perth March 2011 Overview Policy measures and directions The global backdrop

More information

Mercer Melbourne Institute Quarterly Bulletin of Economic Trends

Mercer Melbourne Institute Quarterly Bulletin of Economic Trends Mercer Melbourne Institute Quarterly Bulletin of Economic Trends 4.03 Editors Peter Summers Anne Leahy The Mercer Melbourne Institute Quarterly Bulletin of Economic Trends is published by the Melbourne

More information

VICTORIAN ECONOMIC OUTLOOK

VICTORIAN ECONOMIC OUTLOOK VICTORIAN ECONOMIC OUTLOOK Wednesday, May 1 Prior to 11, Victoria had been one of the country s strong State performers. A key factor underpinning Victoria s success story has been firm population growth

More information

The President s Report to the Board of Directors

The President s Report to the Board of Directors The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth

More information

Economic Outlook. Wednesday, 23 August The Australian and Global Economic Outlook:

Economic Outlook. Wednesday, 23 August The Australian and Global Economic Outlook: Economic Outlook Wednesday, 23 August 2017 Wednesday, 23 August 2017 The Australian and Global Economic Outlook: Australia s economy has enjoyed 25 ½ years of economic growth without a recession. It is

More information

Indian Economy. Industrial output grew highest in four months in June 2015 but volatility continued

Indian Economy. Industrial output grew highest in four months in June 2015 but volatility continued Indian Economy Industrial Production Industrial output grew highest in four months in June 2015 but volatility continued After a slowdown in May 2015, industrial production grew by 3.8% during the month

More information

NAB MONTHLY BUSINESS SURVEY NOVEMBER 2018

NAB MONTHLY BUSINESS SURVEY NOVEMBER 2018 EMBARGOED UNTIL: 11:3AM AEDT, 11 DECEMBER 218 NAB MONTHLY BUSINESS SURVEY NOVEMBER 218 DOWNWARD TREND CONTINUES NAB Australian Economics Key Messages from the Survey: Both business conditions and confidence

More information

The ECB Survey of Professional Forecasters. Second quarter of 2017

The ECB Survey of Professional Forecasters. Second quarter of 2017 The ECB Survey of Professional Forecasters Second quarter of 17 April 17 Contents 1 Near-term headline inflation expectations revised up, expectations for HICP inflation excluding food and energy broadly

More information

The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to in

The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to in Media release 11 October 2017 Strict Embargo 10:30am Consumer sentiment lifts The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to 101.4 in October from 97.9 in September. Westpac s

More information

Leumi. Global Economics Monthly Review. Arie Tal, Research Economist. July 12, Capital Markets Division, Economics Department. leumiusa.

Leumi. Global Economics Monthly Review. Arie Tal, Research Economist. July 12, Capital Markets Division, Economics Department. leumiusa. Global Economics Monthly Review July 12, 2018 Arie Tal, Research Economist Capital Markets Division, Economics Department Leumi leumiusa.com Please see important disclaimer on the last page of this report

More information

PURSUING SHARED PROSPERITY IN AN ERA OF TURBULENCE AND HIGH COMMODITY PRICES

PURSUING SHARED PROSPERITY IN AN ERA OF TURBULENCE AND HIGH COMMODITY PRICES 2012 Key messages Asia-Pacific growth to slow in 2012 amidst global turbulence: Spillovers of the euro zone turmoil Global oil price hikes Excess liquidity and volatile capital flows Key long-term challenge:

More information

Economic Update Adrienne C. Slack March 2017

Economic Update Adrienne C. Slack March 2017 Economic Update Adrienne C. Slack March 2017 The views expressed are mine, and not necessarily those of the Atlanta Fed or the Federal Reserve System. 2 The Fed s Dual Mandate The Fed is pursuing two objectives

More information

Victorian Economic Outlook

Victorian Economic Outlook Wednesday, August 1 Victorian Economic Outlook Summary The Victorian economy has performed well over the past couple of years. The combination of low interest rates and a still-low Australian dollar has

More information

UK Economic Forecast Q3 2015

UK Economic Forecast Q3 2015 UK Economic Forecast Q3 2015 BUSINESS WITH CONFIDENCE 2 Introduction Welcome to the Q3 2015 ICAEW Economic Forecast, based on the views of the people running UK plc; ICAEW Chartered Accountants working

More information

VIEW FROM NAB ECONOMICS VIEW FROM PROPERTY EXPERTS. NAB Behavioural & Industry Economics NAB HEDONIC HOUSE PRICE FORECASTS (%)*

VIEW FROM NAB ECONOMICS VIEW FROM PROPERTY EXPERTS. NAB Behavioural & Industry Economics NAB HEDONIC HOUSE PRICE FORECASTS (%)* NAB RESIDENTIAL PROPERTY SURVEY Q4-18 CURRENT MARKET SENTIMENT AND CONFIDENCE AMONG PROPERTY PROFESSIONALS SINK TO NEW SURVEY LOWS (PULLED DOWN BY NSW & VIC) SUGGESTING HOUSING MARKET DOWNTURN HAS FURTHER

More information

Monthly Economic Review

Monthly Economic Review Monthly Economic Review FEBRUARY 2018 Based on January 2018 data releases Bedfordshire Chamber of Commerce Headlines UK GDP growth picked up in Q4, driven by stronger output from the services sector The

More information

Economic Projections For 2014 And 2015

Economic Projections For 2014 And 2015 Economic Projections For 2014 And 2015 Article published in the Quarterly Review 2014:3, pp. 77-81 7. ECONOMIC PROJECTIONS FOR 2014 AND 2015 Outlook for the Maltese economy 1 The Bank s latest macroeconomic

More information

Business Expectations Survey March 2014 Summary Review

Business Expectations Survey March 2014 Summary Review Business Expectations Survey March 2014 Summary Review 1. Introduction The BES reports on current confidence levels among local businesses as well as their expectations of movements in key economic indicators.

More information

Birmingham Update. April Economic Research & Policy Economy Directorate

Birmingham Update. April Economic Research & Policy Economy Directorate Birmingham Update April 2018 Economic Research & Policy Economy Directorate Economic Dashboard 6.4% +217 Claimant Unemployed - Mar 2018 + 1.2bn +4.8% Economic Output GVA (Nominal) - 2016 63.6% -1,800 50.4%

More information

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank South African Reserve Bank PRESS STATEMENT EMBARGO DELIVERY 18 January 2018 STATEMENT OF THE MONETARY POLICY COMMITTEE Issued by Lesetja Kganyago, Governor of the South African Reserve Bank In recent weeks,

More information

The real change in private inventories added 0.15 percentage points to the second quarter GDP growth, after subtracting 0.65% in the first quarter.

The real change in private inventories added 0.15 percentage points to the second quarter GDP growth, after subtracting 0.65% in the first quarter. QIRGRETA Monthly Macroeconomic Commentary United States The U.S. economy rebounded in the second quarter of 2007, growing at an annual rate of 3.4% Q/Q (+1.8% Y/Y), according to the GDP advance estimates

More information

CommBank Legal Market Pulse. Conducted by Beaton Research + Consulting Quarter 3 FY15

CommBank Legal Market Pulse. Conducted by Beaton Research + Consulting Quarter 3 FY15 CommBank Legal Market Pulse Conducted by Beaton Research + Consulting Quarter 3 FY15 COMMBANK LEGAL MARKET PULSE QUARTER 3 214/15 Contents Foreword 2 Economic outlook 3 Snapshot of report findings 4 Firm

More information

28 October 2016 AUSTRALIAN ECONOMIC DEVELOPMENTS. Inflation remains weak in the Q3 2016

28 October 2016 AUSTRALIAN ECONOMIC DEVELOPMENTS. Inflation remains weak in the Q3 2016 28 October 2016 AUSTRALIAN ECONOMIC DEVELOPMENTS This week s ABS inflation data (CPI) for the September quarter (Q3) showed headline inflation picking up to 1.3% p.a. (from 1.0% p.a.). Fruit and electricity

More information

UK Outlook. Steady as she goes for the economy. February Economic Research Unit

UK Outlook. Steady as she goes for the economy. February Economic Research Unit UK Outlook February 218 Steady as she goes for the economy Eight months into the formal Brexit negotiations, sufficient progress has been made on Phase 1 issues and the focus has moved to the future relationship

More information

Weekly Macroeconomic Review

Weekly Macroeconomic Review 20/12/2011 Weekly Macroeconomic Review Expectations derived from the capital market Our forecast Inflation in the coming months Future cumulative inflation next 12 CPIs (through November 2012 CPI) Inflation

More information

ECONOMIC OUTLOOK FINALLY, SYNCHRONIZED GLOBAL GROWTH

ECONOMIC OUTLOOK FINALLY, SYNCHRONIZED GLOBAL GROWTH ECONOMIC OUTLOOK FINALLY, SYNCHRONIZED GLOBAL GROWTH Augustine Faucher Chief Economist November 13, 2017 Senior Economic Advisor Chief Economist BETTER GROWTH THIS YEAR, AND AN UPGRADE TO 2018 World output,

More information

The ECB Survey of Professional Forecasters. Fourth quarter of 2016

The ECB Survey of Professional Forecasters. Fourth quarter of 2016 The ECB Survey of Professional Forecasters Fourth quarter of 16 October 16 Contents 1 Inflation expectations for 16-18 broadly unchanged 3 2 Longer-term inflation expectations unchanged at 1.8% 4 3 Real

More information

A statistical overview of the economic situation in the euro area

A statistical overview of the economic situation in the euro area A statistical overview of the economic situation in the euro area By Gian Luigi Mazzi Florence, 29 April 2016 EUI-nomics 2016 Outline Latest PEEIs figures GDP growth estimates for the first quarter 2016

More information

Eurozone. EY Eurozone Forecast December 2014

Eurozone. EY Eurozone Forecast December 2014 Eurozone EY Eurozone Forecast December 2014 Outlook for Road to recovery remains strewn with obstacles Published in collaboration with Highlights GDP growth With the Finnish economy still struggling to

More information

MPC MARKET PERCEPTIONS SURVEY - MARCH

MPC MARKET PERCEPTIONS SURVEY - MARCH MPC MARKET PERCEPTIONS SURVEY - MARCH 2018 1 CONTENTS BACKGROUND......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.........4 INFLATION EXPECTATIONS....5 EXCHANGE RATE EXPECTATIONS...6 PRIVATE SECTOR

More information

Consensus Forecasts. Real GDP Growth. NZIER Consensus Forecasts shows a softer growth outlook. Annual average % change

Consensus Forecasts. Real GDP Growth. NZIER Consensus Forecasts shows a softer growth outlook. Annual average % change NZ Institute of Economic Research (Inc) Media release September Consensus Forecasts NZIER Consensus Forecasts shows a softer growth outlook The latest NZIER Consensus Forecasts expects a slight downward

More information

Philipp Hildebrand: Overview of the Swiss and global economy

Philipp Hildebrand: Overview of the Swiss and global economy Philipp Hildebrand: Overview of the Swiss and global economy Introductory remarks by Mr Philipp Hildebrand, Chairman of the Governing Board of the Swiss National Bank, at the half-yearly media news conference,

More information

Quarterly Economic Outlook

Quarterly Economic Outlook Quarterly Economic Outlook Global and Australian Forecasts KPMG Economics November 2016 Contents Page Executive summary 3 Global outlook 4 Global forecasts 10 Domestic outlook 11 Production 13 Consumption

More information

Economic Outlook. Technology Industries In Finland Growth of new orders and tender requests stalled s. 4

Economic Outlook. Technology Industries In Finland Growth of new orders and tender requests stalled s. 4 Economic Outlook Technology Industries of Finland 4 218 Global And Finnish Economic Outlook Growth continues to slow down s. 3 Technology Industries In Finland Growth of new orders and tender requests

More information

KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE

KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE GLOBAL TRENDS Accelerating growth in advanced economies (US, UK, Eurozone) vs. Slowdown in almost all emerging markets Downward revisions

More information