Petrol prices set to lift; Buoyant retail sales
Retail trade; skilled vacancies; Petrol prices; Used cars; Inflation; China inflation Retail trade: Retail trade rose 7.1 per cent in November to be up 13.3 per cent on the year. The preliminary release had previously showed a 7 per cent lift in retail trade for the month. ¾ Fuel prices: Last week the national average…
Retail sales rose 7.1 per cent in November
SYDNEY, AAP – Retail sales in November were up 7.1 per cent on the previous month, after statisticians increased their preliminary estimate by 0.1 per cent. Victorians were largely responsible for the sizeable improvement on October trade, evident in the Australian Bureau of Statistics’ improved report on Monday. Victoria’s retail sales grew by 22.4 per…
Petrol price fails to distract Aussie consumers
Petrol price fails to distract Aussie consumers Petrol prices; Used car market Fuel prices: Last week the national average price of unleaded petrol fell by 4.5 cents to a 4-week low of 122.2 cents a litre (c/l), according to the Australian Institute of Petroleum. Used car prices: Datium Insights reported that wholesale used car prices…
Dow scales 30,000 on vaccine, transition
US stocks have rallied and the Dow breached the 30,000 level for the first time as investors anticipated a 2021 economic recovery coronavirus vaccine progress and the formal clearance for President-elect Joe Biden’s transition to the White House. Each of the 11 major S&P sectors were higher on Tuesday, economically sensitive stocks such as the…
Manufacturing activity near 3-year high. Cheapest & dearest places for petrol
Manufacturing activity near 3-year high Cheapest & dearest places for petrol Petrol Prices; Used car prices; Manufacturing; Services Purchasing managers’ indexes (PMI): The IHS Markit ‘flash’ PMI for manufacturing rose from 54.2 to a 35-month high of 56.1 in November. The services PMI lifted from 53.7 to 4-month high of 54.9. The composite PMI rose…
NSW eyes record $107b infrastructure spend
More than 70 per cent of NSW’s record $107.1 billion infrastructure budget will go to road and rail projects, including two new Sydney metro trains and major highway upgrades. Record-low interest rates offer a chance for the state to borrow big and build something for the future, NSW Treasurer Dominic Perrottet says. “The scale of…
Power bills may fall as energy costs dive
Lower household power bills should result from falling energy production costs which have almost halved in the past year. The Australian Energy Regulator’s latest report, released on Friday, shows the wholesale price drop of up to 48 per cent has been driven by record low demand, especially in South Australia and Victoria, due to warm…
Call to let more Australians return home
A single mother separated from her autistic son is one of thousands of Australians still stranded overseas, desperate to return home. Lynne travelled to Scotland to care for her sick mum, who has since died. She’s urgently trying to get home as her 13-year-old is son has been staying with friends in Australia. Lynne also…
Sydney & Brisbane petrol prices to spike;
Sydney & Brisbane petrol prices to spike Job ads jump; Used car prices lift; Deflation Petrol Prices; Job advertisements; Inflation; Used car prices Fuel prices: The national average price of unleaded petrol fell by 3.8 cents to 119.8 cents a litre (c/l) last week according to the Australian Institute of Petroleum. Metropolitan prices fell by…
Aust shares finish up, ASX200 above 6200
The ASX200 has started the week higher and finished above the 6200 points level after plenty of momentum in world markets. After a good US lead, the S&P/ASX200 benchmark index closed higher by 52.6 points, or 0.85 per cent, to 6229.4 on Monday. The 6200 level has been a psychological barrier for traders for four…
