Monthly Market Highlights
September 8, 2021
Western Australian employment rose by 6.4k in July, while the unemployment rate declined to 3.2%.PDF Download PDF PDF Download Japanese PDF
July also saw a 1.6% rise in Western Australian retail sales, which took the annual increase to 10.5%.
Western Australia’s wage price index rose by 0.8% in Q2, to be 2.7% up through the year.
The CoreLogic hedonic home value index declined by 0.2% in August but remained 4.9% higher than a year ago.
August 9, 2022
The RBA raised the cash rate by a further 50 basis points to 1.85% at its August Board meeting. The Western Australian unemployment rate was 3.4% in June. The Perth CPI increased 1.7% in Q2, to be 7.4% higher than a year earlier. According to the CoreLogic Home Value Index, Perth house prices rose 0.2% in July, to be up 5.5% YoY. Western Australian dwelling approvals rose 1.7% in June.PDF Download PDF PDF Download Japanese PDF
July 8, 2021
The S&P Global Ratings has upgraded Western Australia’s long-term credit rating to ‘AAA’ from ‘AA+’ previously. Western Australian employment rose by 4.8k in May and the unemployment rate was 3.1%, the lowest of all states. Western Australian retail trade rose by 0.2% in May, to be up by 9.7% through the year. According to the CoreLogic, Perth house prices rose by 0.4% in June, which compares to a 0.8% fall nationwide.PDF Download PDF PDF Download Japanese PDF
June 8, 2022
Western Australian state final demand rose by 2.2% in Q1, to be 4.9% up through the year.PDF Download PDF PDF Download Japanese PDF
Western Australian merchandise goods exports totalled A$59.2 billion in the three months to April.
Wages in Western Australia rose by 0.5% in Q1, taking the annual wage growth rate to 2.2%.
Western Australian employment rose by 5.1% YoY, while the unemployment rate declined to 2.9%.
May 11, 2022
The RBA has decided to increase its cash rate by 25bps to 0.35% and announced a passive wind-down of its balance sheet. Western Australian employment rose by 7.6k in March, while the unemployment rate fell to 3.4%. Perth CPI inflation rose to 7.6% in Q1, reflecting unwinding of the WA government’s household electricity credit.PDF Download PDF PDF Download Japanese PDF
April 7, 2022
The RBA Board kept its cash rate target unchanged at 0.10% at its April Board meeting. However, the RBA dropped any reference from its post-meeting statement that it will be patient as it monitors how the various factors affecting inflation in Australia evolve, raising market expectations for an interest rate hike as soon as June. Western Australian dwelling approvals rose by 8.0% in February.PDF Download PDF PDF Download Japanese PDF
Western Australian retail sales fell 2.9% in February, but were up 10.5% through the year.
Western Australia’s unemployment rate was 4.1% in February.