Monthly Market Highlights

  • October 2021

    November 9, 2021

    The RBA Board kept its cash rate target unchanged at its November meeting, but removed its 0.10% target for the April 2024 Commonwealth bond yield. The RBA also removed its forward guidance that it did not expect to increase the cash rate from the current level of 0.10% before 2024, conceding that an increase could come earlier.
    The Western Australian unemployment rate fell 0.4ppts to 4.1% in September.
    The Perth CPI increased 0.8% in Q3 to be up 3.2% YoY.

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  • September 2021

    October 8, 2021

    The Western Australian unemployment rate remained at 4.6% in August, with employment up 12.3k in the month. Western Australian retail trade rose by 2.8% in August. Western Australian dwelling approvals surged by 21.0% in August, while home loans fell by 2.9%. In three months to August, Western Australia exported A$71.3b worth of goods.

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  • August 2021

    September 9, 2021

    The Western Australian unemployment rate fell to 4.6% in July, with employment up 6.5k in the month. Western Australian dwelling approvals fell 11.3% in July but were 62.6% higher than a year earlier. Real state final demand rose 1.2% in Q2 2021 in Western Australian to be up 12.4% YoY.
    Western Australia exported A$70.5 billion of merchandise goods in the three months to July. This was 58% of Australia’s total merchandise goods exports over the period.

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  • July 2021

    August 9, 2021

    Western Australia’s employment rose by 12.6k in June, while the unemployment rate picked up to 5.1%. Perth CPI rose by 1.9% in Q1, to be 4.2% up through the year amid the low statistical base from 2020. Western Australian dwelling approvals dropped by 30.5% in June, while new home loans retreated by 6.9%. According to unadjusted preliminary data, Western Australia exported A$66.4b of goods in the three months to June.

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  • June 2021

    July 7, 2021

    Western Australia’s unemployment rate declined to 4.7% in May, to remain the lowest of all Australian states. Western Australian retail trade increased by 1.3% in May. Western Australian housing loans rose by 6.1% in May. In three months to May, Western Australia exported A$63.1b worth of goods.

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  • May 2021

    June 14, 2021

    Western Australian state final demand rose by 3.0% in Q1 2021, to be 3.8% higher through the year. Western Australian wages grew by 0.4% in Q1 (unadjusted), to be 1.4% up through the year. In April 2021, Western Australia’s employment fell by 14.4k, while the unemployment rate fell to 4.9%. Western Australian building approvals rose by another 5.5% in April.

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