Blogotariat

The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022. January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations. Over the year, retail

The post Rebound in Aussie retail sales continues appeared first on MacroBusiness.

What do you do when the food sector gets together to tell the truth about the government’s failures? Fix the problems? No! Pay them off. The Australian. The food sector has united to ­accuse the Albanese government of failing to act on rising prices ­despite a growing number of working Australians going hungry, warning that

The post Aussies starve as gas cartel chokes food supply appeared first on MacroBusiness.

Gerard Minack stating the obvious with his usual savoir-faire. Australia returns to mediocre growth Australia is recovering from a year when policy tightening snuffed out private sector growth.  The recovery will likely be uneven reflecting still-tight monetary policy.  Trend per capita growth will remain mediocre because low investment and high population growth unsurprisingly lead to

German developer proposes a solar-battery near the tiny town of Deepwater, just inside the northern edge of the New England REZ.

Increasingly, it appears DXY is topped and EUR bottomed. AUD follows EUR but it will be held back by CNY this time. Gold up. Is oil about to do what it should, finally? Chinese demand growth is dead. OPEC to go ahead with production increase. Bonus chart! There is room for lower oil. Commods meh.

The post Australian dollar rises with Germany appeared first on MacroBusiness.

Wall Street crumbled overnight as the realisation has set in that the Don in the Oval Office is hell bent on creating a recession in the US with the slew of tariffs that are now going to go ahead against almost every single major trading partner. The latest ISM print didn’t help either while European

The post Macro Morning appeared first on MacroBusiness.

The energy industry has assumed consumers manage their energy use like ‘mini-economists’ or ‘mini-engineers.’ Digital sociologist Professor Yolande Strengers says this is wrong.

Metricon Homes CEO Brad Duggan warns that Australia cannot house its growing population, and believes the federal government must adopt a “wartime response” to the housing crisis. Based on current construction rates, Duggan adds that the government’s target of building 1.2 million homes in the five years from mid-2024 will likely fall about 300,000 short.

The post Australian housing chiefs ignore too many Indians appeared first on MacroBusiness.

Australian pumped hydro project proposals tend not to be located at premium sites, which translates to higher costs. A new paper explains.

Asian share markets are seeing generally positive results across the board but have been overshadowed by the spike in cryptocurrencies on the latest Trump spewing of verbal diarrhea that continues to evaporate confidence in the USD. Indeed King Dollar is falling against most of the majors with the Australian dollar coming back with a reprieve

The post Macro Afternoon appeared first on MacroBusiness.

In a November joint statement, Treasurer Jim Chalmers and Finance Minister Katy Gallagher announced that the Future Fund, which is one-third the size of the Australian economy, will be directed to invest in housing, security, and the green energy transition “where possible, appropriate, and consistent with strong returns”. This marked the first time the federal

The post Hands off our superannuation appeared first on MacroBusiness.

Every so often the old bastard makes sense. Sadly, he can’t do so with any frequency because Domain profits come with a fatwa against criticism of immigration . The productivity of labour hasn’t increased much because business hasn’t been spending much on labour-saving equipment. Mystery solved. Almost to a person, economists are great believers in

The post Gittins: Immigration destroying living standards appeared first on MacroBusiness.

The team behind Victoria's first four-hour battery says costs are coming down as technology improves. For pumped hydro, it is not so easy.