Blogotariat

The Australian Bureau of Statistics (ABS) released dwelling approvals data for July on Monday, reporting 16,153 trend approvals for the month, the highest volume since August 2022. Despite the rebound, approvals tracked 3,847 (19%) approvals behind the National Housing Accord’s five-year target, which requires 20,000 homes to be built every month. In the year to

The post Australia’s housing shortage worsens every day appeared first on MacroBusiness.

With the release of Canada’s second quarter GDP figures, it was revealed that the economy had fallen back into contraction in headline terms for the first time since the third quarter of 2023, with quarterly GDP falling by 0.5%. In the words of Pedro Antunes, Conference Board of Canada’s Chief Economist: Canada is in “recession

The post A struggling Canada beats Australia…just appeared first on MacroBusiness.

Yesterday’s business indicators for tomorrow’s GDP were pretty awful. Key data items – Seasonally adjusted Mar 25 to Jun 25 (%) Jun 24 to Jun 25 (%) Sales of goods and services (chain volume measures) Manufacturing 0.2 -1.5 Wholesale trade 1.7 4.0 Inventories (chain volume measures) 0.1 0.8 Company gross operating profits -2.4 -3.3 Wages and

The post Aussie growth sags again appeared first on MacroBusiness.

Good on David Pocok for taking it on, but he’s talking nonsense. Independent ACT senator David Pocock said on Monday the pressure on the environment and infrastructure motivated many marchers on the weekend, who felt there was “no plan” underpinning the migrant intake. Albo has a very clear plan. It’s just that it sucks for

The post Albo does have an immigration plan, and it is horrifying appeared first on MacroBusiness.

As Gina Rinehart lays “siege” on net zero, many farmers see survival. But not all are fans of wind and solar developers. "Farmers should be at the table, not on the menu.”

Cashiered former general Prabowo Subianto was elected president of Indonesia last year on a contradictory campaign image.

One side showed a soft, caring grandpa, friend of the wong kecil (wee folk). The flip side promoted an urbane statesman who’d lift his country’s international status as the world’s third-largest democracy.

Duncan Graham

It is clear that Australia is on the verge of another house price boom. As illustrated below by Alex Joiner from IFM Investors, both Cotality’s and PropTrack’s dwelling value series lifted strongly in August, continuing the run of strong results. “If you’re struggling to afford a home, the only worse news than the Cotality dwelling

The post Green light for house price boom appeared first on MacroBusiness.

Aotearoa New Zealand’s largest electricity generator has has locked in funds for the first stage of a 400 MW solar farm in the centre of the North Island.

Chinese OEM installs a 26 MW offshore wind turbine at testing facility. It is the largest in the world, and with the longest blades.

Again and again the Australian Broadcasting Corporation (ABC) refers to what is being perpetrated by Israel on the people of Gaza as a ‘war’1-3. Everybody who has any understanding of what is going on knows this is a genocide.

Developer says newly approved 900 MW wind farm could start generating power by 2030, while federal government says it won't even start construction until 2031.

Westpac with the forecast. • Australia’s recovery stalled over the first six months of 2025, with the economy expected to have grown 0.4%qtr in Q2 and just 1.3%yr in six-month annualised terms – way below the RBA’s updated trend estimate of +2.0%yr. • The extent of the pull back in public demand has surprised on

The post The recovery that never was fades away appeared first on MacroBusiness.

Queensland's deputy premier is now repealing laws in order to kill wind projects and prevent new ones, with the latest victim being the 1.2GW Forest Wind project.