The RBA charts – always make for an interesting read!
Their latest stats have just been released so let’s look through some of the highlights….
Household saving ratio – remains way above where it was during the great leveraging:
Household finances – debt levels levelled off many years ago now. Interest payments have fallen significantly as rates have moderated:
Consumer sentiment – a blip, but well above the long-term average:
Housing loan approvals increasing strongly in total, but, as expected, not for first home buyers at this point:
Retail sales growth – promising trend:
Dwelling prices – strengthening in Sydney and Perth. Very flat for years in the regions:
Household wealth – chart tells its own story:
Inflation, smack in the middle of the target range at 2.5%:
Commodity prices have weakened. Expecting iron ore price to fall, which could also add to the case for further rate cuts:
Interest rate now low at just 2.75%:
Bond yields, ummm…
Share prices – as expected, it’s the financial sector which is up and running (not resources):
Aussie dollar still too high for liking against the USD – could also mean low interest rates:
Labour productivity – much stronger than the press would have you believe:
Wages growth trend – above 3% for both public and private sectors:
Unemployment remaining well under 6% – but more on this later…!
Source: Reserve Bank of Australia
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