Inflation rose more sharply than forecast and business conditions and confidence eased in December, with the latter due to the rolling impact of Covid omicron on employment. While the rise in inflation grabbed the headlines, the National Australia Bank’s…
An upbeat December business survey from the National Australia Bank yesterday says the economy is well placed to perhaps grow a little faster in 2022, despite the new omicron variant of Covid. While business conditions improved as the lockdowns…
Did the Australian economy present any surprises over 2021? The year began well with the economy re-opening and in ‘catch up’ mode following the lifting of earlier national and Victorian lockdowns. Economic growth was strong, and the labour market…
New research by conducted by LinkedIn in partnership with Kantar reveals that despite the fact 71 per cent of Australia’s SMEs were affected by lockdowns through much of the year, 38 per cent of them actually performed better than…
Source: Roy Morgan Business Single Source, Dec 2010-Nov 2021. Average monthly sample over the last 12 months = 1,359. This month, November 2021, Roy Morgan Business Confidence dropped 2.3pts (-2%) to 113.0. The decrease came despite the end of…
<!– Oscar –> 25 November 2021 The Australian Banking Association (ABA) has today released its 2021 SME Lending Report, highlighting how important Australian Small and Medium Enterprises (SMEs) are to the country’s economic recovery. The report was released to…
The Australian Bureau of Statistics (ABS) has released its latest Wage Price Index (WPI) on Wednesday, revealing that wages are on the rise after businesses experienced labour market disruptions in 2020 and early 2021. The WPI recorded a 0.6%…
Cashed-up Aussies are set to unleash billions of pent-up spending, but businesses will likely have to jack up prices during the pre-Christmas surge. Australian retailers are set to pocket record revenues in a Christmas cash splash but many businesses…
On the face of it, October’s jobs report – showing a fall in employment, a rise in unemployment and a jump in the jobless rate to 5.2% (from 4.6%) – looked poor and the initial reaction treated it thus.…
