Market WATCh Weekly 16 September 2022

Market WATCh Weekly 16 September 2022

September 16, 2022

In Australia, employment rose in August, while the unemployment rate ticked up to a still very low 3.5% amid a higher participation rate. The NAB report showed business conditions and confidence both improved in August, while the Westpac consumer sentiment index edged up after nine months of consecutive declines. Abroad, the US CPI inflation numbers were stronger than expected, with core inflation rising to 6.3% in August, while PPI inflation fell to the lowest level in a year. US retail sales unexpectedly rose in August, while industrial production saw a surprising fall. Chinese economic activity data improved in August, despite multiple headwinds.

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