Blogotariat

Australian manufacturing is in terminal decline. Manufacturing comprises just over 5% of the Australian economy, the smallest share in the OECD. Exorbitant energy costs continue to drive manufacturers out of Australia. The latest insolvency data from ASIC shows that almost 1390 manufacturers nationwide have become insolvent since 2022-23. Among these, Incitec Pivot, a significant fertiliser

Wall Street continues to feel the heat coming out of the “Art of the Deal” from the White House as the trade spat with Canada continued overnight pulling European stocks down and keeping other risk assets at high volatility levels not seen for over a year. Asian stocks are likely to feel the correlated brunt

The post Macro Morning appeared first on MacroBusiness.

Australia's ad hoc approach and low appetite for risk seen as barrier to shift to green industry.

The Australian Bureau of Statistics (ABS) released its Q4 national accounts last week, which was a disaster for households. While the overall economy finally exited the 21-month per capita recession, real per capita household consumption declined for a record eighth consecutive quarter. The income side of the ledger was even worse. Annual real per capita

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      AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 11 March 2025 appeared first on MacroBusiness.

Danish wind energy giant adds a new project to its Australian pipeline, an up to 35 turbine wind farm proposed for Queensland cattle and coal country.

Plans to build one of the world’s biggest wind and solar projects near the Nullarbor will undergo full federal environmental assessment and require EPBC approval.

This is about as surprising as Canberra being stupid. Goldman. CPI and PPI deflation in February:China’s February CPI and PPI inflation came in at-0.7% yoy and -2.2% yoy, respectively. Much of the CPI weakness came from thefalling demand post-Lunar New Year: food price inflation fell to -3.3% yoy (vs. +0.4%in January) and tourism price inflation

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By Dr Cameron Murray and Aidan Morrison, cross-posted from Fresh Economic Thinking. How Australia’s electricity market got POLITICAL and cost us BILLIONS Why didn’t our experts get the same answers as those abroad on the cheapest way to generate and distribute electricity? Australians will pay hundreds of billions of dollars for new investment in the

The post Australians will pay for the politicisation of energy appeared first on MacroBusiness.

Crikey wraps the controversy. In case you missed the back and forth yesterday, US President Donald Trump has been a touch annoyed at former Liberal PM Malcolm Turnbull telling Bloomberg the 78-year-old was “chaotic, rude, abusive and erratic” and his treatment of America’s allies would ultimately benefit China. Responding on his Truth Social platform, Trump

The post Let a thousand Malcolm’s bloom appeared first on MacroBusiness.

But still afraid. Westpac. • Westpac Consumer Sentiment Index up 4% to 95.9 in March. • Slowing inflation and rate cut lift confidence to three-year high. • Unsettling overseas news looks to be weighing on the outlook for the economy. • Sentiment towards major purchases showing a promising improvement. • Consumers’ own finances stabilising and

The post Consumers less afraid appeared first on MacroBusiness.

What is the worst idea you can think of for Australia’s failed East Coast gas market? How about government’s underwriting LNG imports that will raise your bills 80%? You got it! The Australian. A Victorian government-led proposal to underwrite LNG imports could hike domestic gas prices and introduce a fresh risk of political intervention in

The post Government embraces gasmageddon appeared first on MacroBusiness.

New conservative alliance clears first hurdle for forming a new government by agreeing on electricity price cuts, and a continuation of the country’s landmark energy transition.