The latest ASIC data shows that the construction sector leads the nation’s insolvencies, with 2,795 firms going under so far this financial year, representing a 24% increase on 2024. The following chart from Justin Fabo from Antipodean Macro illustrates the rising construction sector insolvencies, which are tracking at around double the pre-pandemic norm: Last week,
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The post Macro Afternoon: 13 May 2025 appeared first on MacroBusiness.
By Stephen Saunders Labor has the ideal ABC for 2025-31—a powerful and complacent woke-left propaganda-ministry. The broadcaster’s overdue shunt of overrated Laura Tingle is typical. For wicked immigration-influencers like “independent” Abul Rizvi, or Australian un-National University’s Liz Allen and Alan Gamlen, it’s second nature to play the Racist Card to shut down popular resistance to
According to the Council to Homeless Persons (CHP), Victoria has the nation’s lowest level of social housing as a proportion of the overall housing stock. Public housing in Victoria has slumped from a high of around 4% in 1994 to a low of about 2.4% currently. The figure rises to around 2.9% when community housing
We can’t make plastics for anything. Nor windows for anything. Nor towers for anything. Nor explosive inputs. Nor anything for anything. The one thing you would think we were good at is making shit. But no, the great Australian idiot can no longer even take a dump. AFR. High power prices could force the closure of
Let’s take a walk down memory lane. The date is 13 August 2019, six months before the COVID-19 pandemic arrived in Australia. Infrastructure Australia’s (IA) Australian Infrastructure Audit was released, warning that $40 billion a year of infrastructure investment is needed to catch up with Australia’s voracious population growth. Otherwise, productivity and living standards will
Westpac with the note. Westpac Consumer Sentiment Index up 2.2% to 92.1 in May. • Index recovers about a third of April’s tariff-related fall. • Solid rebound in views on finances led by sharemarket rally, lower fuel prices. • Benign inflation shores up consumer expectations for interest rate cuts. Consumer sentiment has recovered just over
Goldman with the note. On Friday 5/9, we hosted a virtual group meeting with the authors of the Logistics Managers Index, Dale and Zac Rogers, who are observing a situation where inventories have built up (as per their surveys of large logistics’ managers) ahead of tariffs and amid the ongoing 90-day pause on reciprocal tariffs;
Last month, Ben Phillips from ANU’s Centre for Social Research published a spurious analysis claiming that “lower migration wont ‘free up housing'”, because “as population increases dwelling numbers also increase”, and “with fewer migrants we’d also have fewer dwellings”. Phillips’ analysis was comprehensively demolished on the grounds that: Very few migrants work in construction. Therefore, migrants
The Market Ear on the chaos of the child president. Break away SPX is crushing the short term resistance around 5700 (futures), trading well above the 200 day for the first time since March. 5900 is the first resistance to watch. A close above that area and people will be starting to mention ATHs… Source: