Monthly Market Highlights

  • 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%.

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  • 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.

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  • June 2020

    July 9, 2020

    Western Australian Treasury Corporation issued a new 23 July 2041 2.25% coupon bond in June. Western Australian real state final demand rose 0.9% in Q1 2020 to be up 3.4% YoY. Dwelling approvals fell a seasonally adjusted 8.9% in Western Australia during May, to be down 4.1% from a year earlier. Western Australian employment fell by a seasonally adjusted 30.2K in May with the unemployment rate rising by 2.0ppts to 8.1%. Western Australia exported $47.2 billion of goods in the three months to May.

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  • May 2020

    June 10, 2020

    Western Australian Treasury Corporation issued a new 22 October 2031 1.75% coupon bond in May. The Western Australian wage price index rose 0.4% in Q1 2020 to be up 1.8% YoY. Dwelling approvals increased a seasonally adjusted 12.4% in Western Australia during April, to be up 3.6% from a year earlier. Western Australian employment fell by a seasonally adjusted 62.3K in April with the unemployment rate rising by 0.6ppts to 6.0%. Western Australia exported $45.3 billion of goods in the three months to April.

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  • April 2020

    May 8, 2020

    The cash rate target remains at 0.25%, and the RBA continues to purchase Australian Government and state government bonds across the yield curve in the amounts necessary to maintain the 0.25% target for the 3-year Commonwealth bond yield and the smooth functioning of the bond market. The Perth CPI rose 0.4% in Q1 2020 to be up 2.1% YoY. Western Australia exported A$42.9 billion of goods in the three months to February. Retail sales rose a seasonally adjusted 9.9% month-on-month in Western Australia during March.

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  • March 2020

    April 14, 2020

    The RBA Board cut the cash rate to a fresh record low of 0.25% in March and announced a yield curve control policy whereby it will target a 3Y bond yield of 0.25%. Employment in Western Australia rose 10.9k in February 2020 in seasonally adjusted terms. The seasonally adjusted unemployment rate fell to 5.2%, the lowest level since 2015. Western Australia exported $42.9 billion of goods in the three months to February with a trade surplus of $34.3 billion for that period.

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