by Stephen Roberts | 30 May, 2013 | Economics, Laminar Economist Stephen Roberts
Q1 capex was weaker than expected, down by 4.7% qoq with mining capex down 6.2% qoq. Capex will detract about 0.6 pp from Q1 GDP, but there are other strong offsets from Q1 retail sales 0.6 pp and net exports 1.0pp. Q1 GDP ( out next Wednesday) is travelling around...
by Stephen Roberts | 27 May, 2013 | Economics, Laminar Economist Stephen Roberts
Mostly falling equity markets over the past week excited much market commentary about weaker global growth prospects. We expect softer sentiment in risk asset markets and fears about weaker global growth to be comparatively short-lived. The main reason why we expect a...
by Stephen Roberts | 27 May, 2013 | Economics, Laminar Economist Stephen Roberts
The Q1 private new capital expenditure (capex) and April home building approvals readings are out on Thursday 30th May at 11.30am. The Q1 capex report provides past information about business investment spending – mining investment spending is of particular interest –...
by Stephen Roberts | 20 May, 2013 | Economics, Laminar Economist Stephen Roberts
The regular monthly economic indicators of the health of the US and Chinese economies have turned mixed over the past month or so leading many analysts to warn that global growth may weaken. Our view is the opposite of the weaker growth consensus. We see US economic...
by Stephen Roberts | 15 May, 2013 | Economics, Laminar Economist Stephen Roberts
The Budget helps preserve Australia’s AAA credit rating, will not detract from economic growth through 2013-14 and is better than its predecessors under the current government in that expenditure savings and tax increases will come into effect ahead of...
