Monthly Market Highlights

  • December 2020

    January 11, 2021

    Western Australian dwelling approvals fell by 5.4% in November, to be up 104% through the year. Western Australian employment rose by 11.4k in November, while the unemployment rate fell to 6.4%, the second lowest of all Australian states. Western Australia exported A$48.0 billion of goods in the three months to November.
    The RBA bought another A$427M WATC bonds as part of its quantitative easing program in December, taking the total amount of WATC bond purchases under the yield curve control and quantitative easing programs to A$3,162M.

    PDF Download PDF PDF Download Japanese PDF
  • November 2020

    December 7, 2020

    Western Australian dwelling approvals grew by 29.7% in October, to be up 96.3% through the year. Western Australian employment rose by 15.3k in October, while the unemployment rate fell to 6.6%, the second lowest of all Australian states. Western Australia exported A$46.2 billion of goods in the three months to October. Western Australian real state final demand increased a seasonally adjusted 4.9% in Q3 2020 and was down 0.7% YoY. The RBA bought A$0.5 billion of WATC bonds in November as part of its A$100 billion bond purchase program.

    PDF Download PDF PDF Download Japanese PDF
  • October 2020

    November 9, 2020

    At its November meeting, the RBA Board reduced its cash rate and 3-year yield targets to 0.10% from 0.25%, and announced that over the next six months it would purchase A$100B of Australian government bonds, including semis. Western Australian dwelling approvals grew by 42.6% in September, while new housing loan commitments surged by 24.7%. Western Australian employment rose by 2.9k in September, while the unemployment rate fell to 6.7%, the lowest of all Australian states. Western Australia exported A$45.1 billion of goods in the three months to August.

    PDF Download PDF PDF Download Japanese PDF
  • September 2020

    October 8, 2020

    The RBA Board left the cash rate target unchanged at 0.25% at its October meeting, yet expectations of easing in the coming months have emerged. Western Australian retail trade fell by 0.4% in August, with the annual growth rate falling back to 17.9%. Western Australia exported $45.1 billion of goods in the three months to August. Western Australian employment rose by 32.2k in August, while the unemployment rate fell to 7.0%, the second lowest of all mainland states. Western Australian building approvals surged by 33.8% in August.

    PDF Download PDF PDF Download Japanese PDF
  • August 2020

    September 7, 2020

    The RBA Board left the cash rate target unchanged at 0.25% at its September meeting. The Western Australian Wage Price Index rose 0.2% in Q2 2020 to be up 1.6% YoY. Western Australian real state final demand fell a seasonally adjusted 6.0% in Q2 to be down 4.0% YoY. Western Australia exported $45.1 billion of goods in the three months to June. Employment increased 19.1k in seasonally adjusted terms in Western Australia in July with an unemployment rate of 8.3%.

    PDF Download PDF PDF Download Japanese PDF
  • July 2020

    August 11, 2020

    The Perth CPI declined by 1.2% in Q2 2020 to be up 0.1% YoY. Western Australian dwelling approvals fell a seasonally adjusted 11.7% in June to be down 10.1% YoY. Employment increased 22.2k in seasonally adjusted terms in June with an unemployment rate of 8.7%. Western Australia exported A$45.1 billion of merchandise goods in the three months to the end of June.

    PDF Download PDF PDF Download Japanese PDF