Joseph Capurso
Joseph Capurso
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.
business commodity deficit demand further global goods imported improvement investment prices rising strong trade upbeat
Rising business investment may have boosted demand for imported goods and stalled a further improvement in the trade deficit in January. We still are upbeat on exports, with commodity prices rising and strong global demand.
commodity economic employing expanding generate good growth high labor market prices profits remains strong
High commodity prices are boosting miners' profits and so they are expanding and employing more people. Economic growth is strong enough to generate new jobs. The labor market remains in good shape.
consumer continues effect house inflation picked positive price provides recent spending via wealth
House price inflation has picked up in recent months; if this continues it has positive implications for consumer spending via the wealth effect it provides to homeowners.
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.
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.