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Economic Report.pdf

December-2016-Economic-Report.pdf
Preview of Economic Report
🔗 Source: prp.com.au
📊 Size: 1.43 MB
👤 Author: Alec Sklavounos
⬇️ Downloads: 217

Summary

All Groups CPI increased by 0.5% over the quarter, bringing annual headline inflation to 1.5%, with core inflation at 1.6%. The Reserve Bank kept interest rates unchanged at 1.50%. Seasonally adjusted GDP declined by 0.5% in the September quarter. Australia's current account deficit decreased by 28.8% to $11,358 million. The unemployment rate increased to 5.8% in December. Consumer sentiment dropped in December, with the index at 97.3, indicating pessimists outnumber optimists. Business conditions declined in November, driven by profitability and trading conditions, while business confidence increased.

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Description

All Groups CPI increased by 0.5% over the quarter, bringing annual headline inflation to 1.5%, with core inflation at 1.6%.

Technical Information

  • File Format: PDF
  • File Size: 1.43 MB
  • Pages: 13
  • Language: EN
  • Author: Alec Sklavounos
  • Total Downloads: 217
  • Last Updated: 3 days ago

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