Stats

Question 1

Inflation rate

Answer 1

Consumer prices have fallen from 1.3% in the previous quarter to 1.%
Below target of 2-3%

Question 2

Business confidence

Answer 2

Currently at 6 (stonrg)

However strong profits and spare capacity indicates a rise in bus confidence

Question 3

Exchange rate

Answer 3

Exchange rate has continued to follow depreciating trends currently at 0.76 (aud)

Has marginally decrease over the last 12 months

Question 4

Terms of trade

Answer 4

Tot has decreased from 80.60 index points last quarter to 78.7 currently

Question 5

Consumer confidence

Answer 5

Fell by 2.2% to 99.1 in March 2016

Below average reading

Question 6

GDP

Answer 6

Expanded from 2.9% to 3.10% - annual growth rate

Just in gov’ts goal

Question 7

Interest rates

Answer 7

Remains at 1.5% record low
Need of igniting inflation
Largely do to poor sustained growth in China

Question 8

Unemployment rate

Answer 8

Risen slightly unfavourably from 5.70 to 5.8

Question 9

What stage is Australia in the bus Cycle use stats

Answer 9

Currently Australia is situated in a slow recovery phase - a pick up in economic levels. Due to the all time low interest rates of 2 % (largely the result of slow Eco growth in China) and a relatively low inflation rate of 1.7% (despite rising 1.5%) have combined to spark an Eco recovery as production costs are relatively cheaper. Thus more producers are willing to gradually expand production which has been reflected in a rise in GDP from 2.1 to 3% just Within the gov’ts goal
Ultimately economists predict this increase in bus activity will lead to increasing levels of C + I + X-M