We learned this week that Australia’s unemployment rate fell to a seven-month low in December. The strength of the labour market is a key reason to expect consumption growth to remain brisk in the coming months. Meanwhile, new data show that the pipeline of building projects is expanding at a rapid clip, consistent with a sharp upswing in fixed investment. With the RBA already concerned that the economy is operating above capacity, a rate hike in February appears increasingly likely.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
