Economic reports and surveys for major economies released during November show some upside surprises although the proportion is noticeably less than in October. Australia is an exception where upside surprises continued through the month. The global economic recovery...
Two more data releases last week show the Australian economy continuing its better-than-expected lift out of recession in the first half of 2020. Preliminary October retail sales rose by 1.6% m-o-m against market forecasts around –1.5% with a rise of 7.3% compared...
The last few weeks of 2020 look like being a period of growing optimism about what lies ahead in 2021 including and perhaps especially in Australia. Although covid-19 continues to cast a pall, as it has through almost all 2020, there is justifiable hope that an...