Joseph Capurso
Joseph Capurso
deficit downside exports following risks trade wider
Following the accident, there's downside risks to exports in January, so the trade deficit may be wider than we expect.
boost companies economic export growth huge prices profits providing rising temporary third weakness
Economic growth is rebounding after the temporary weakness in the third quarter. Rising export prices are providing a huge boost to the economy, which is fueling profits and prompting companies to hire.
australian best economic highlights labor market strength underlying
Of all the economic statistics, the labor market best highlights the underlying strength of the Australian economy.
deficit fast figures trade
The trade deficit is improving, but not as fast as today's figures suggest.
bank central forecast interest leave level prompt raise rates unchanged wages
Wages aren't at a level that's going to prompt the central bank to raise interest rates. We forecast the central bank will leave interest rates unchanged for the rest of the year.
continue costs data higher indicate margins pass profit squeezed struggle
The data indicate that firms continue to struggle to pass higher costs through to consumers, with profit margins being squeezed as a result.