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Growth! S&P flash PMI. Flash Australia Composite PMI Output Index: 54.9 (Jul: Index, sa, >50 = growth m/m % qr/qr 53.8) Flash Australia Services PMI Business Activity Index: 55.1 (Jul: 54.1) Flash Australia Manufacturing PMI: 52.9 (Jul: 51.3) Flash Australia Manufacturing PMI Output Index: 53.9 (Jul: 52.3) Australia’s business activity growth accelerated midway through the

I have argued from the outset that this week’s productivity summit in Canberra will fail because it won’t address the two most important factors that are wrecking the nation’s productivity: excessive immigration and expensive energy. Australia’s immigration program is simply far too large, poorly targeted, and of low quality to deliver positive outcomes for productivity

Exemplary Energy has published in-depth data sets are available for 225 sites across Australia.

US President Donald Trump has called Benjamin Netanyahu “a war hero” as the Israeli prime minister faces a global backlash over the Gaza humanitarian crisis and the Jewish state’s continued military campaign in the Palestinian enclave.

In an interview with conservative commentator Mark Levin on Tuesday, Trump called Netanyahu “a good man”who he said is “there fighting.” 

RBA interest rates have so far delivered roughly $500 per month in relief to the average mortgage. This is great, but it is not going to move the consumer needle. Why? Two words for you. Gas cartel. The average household pays $3,000 in utility bills, and they are about to rise by about 40%. That’s

The post Why the Aussie consumer is still stuffed appeared first on MacroBusiness.

Asian share markets are mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference on Friday with Fed Chair Powell expected to make some comments regarding the actual trajectory of the US economy before he likely gets fired. The RBNZ cut rates

The post Macro Afternoon appeared first on MacroBusiness.

An Ausgrid trial will put solar on unused commercial rooftops and deliver cheaper electricity for locals. CEO Marc England explains why it should be allowed to swim outside its lane.

Ausgrid plan to put solar on unused commercial rooftops and deliver cheaper electricity to local communities will test the rules on network limits. CEO Marc England says it's time for a rethink.

APA says its new Port Hedland solar farm proves it is cyclone proof, but despite a potential $33bn market opportunity, that was about it on renewables. The rest is gas.

Market Forces is some kind of green money lobbyist. It has produced a cracking report on Aussie gas, inadvertently illustrating that market reforms are vital to stabilise Aussie gas usage. First, the report shows that it is gas that most uses gas. Next, it shows where industrial gas usage goes. Finally, it illustrates that 10%

The post Gas cartel siphons away your energy appeared first on MacroBusiness.

The second day of the Canberra productivity roundtable will reportedly debate how to reduce the backlog of development projects awaiting environmental approval. Danielle Wood, chair of the Productivity Commission (PC), will address roundtable attendees in the morning in her session titled “Better Regulations and Approvals”. Her speech is likely to illustrate how environmental approvals slow

I suppose you can only ignore the number one input into the immigration-led economy for so long. Even if the Productivity Commission can produce five enormous reports (which are going to be roundly ignored) without mentioning it. The Australian. Business and unions have brawled on the first day of the economic reform roundtable over a

The post Immigration crashes productivity roundtable appeared first on MacroBusiness.

Big. The Market Ear. CAPEX boom and… Will this time be different? Source: BCA Source: BCA This time really different In a very extreme way. Authers: “It’s unheard of for 2% of the index’s companies to account for virtually 40% of its value”. Source: Bloomberg/Authers But they are magnificent The big ones making the big bucks.

The post The magnificent AI bubble and… appeared first on MacroBusiness.