July 2024
In the July edition of Economic Intelligence we cover:
- Australian home building in crisis: Our research note delves into the underlying reasons behind the housings shortfall, despite the growing industry.
- Tracking Australian industry: Monthly inflation rose, completed construction activities declined, private capital expenditure grew slower, vacancies weak yet elevated, retail turnover per capita remained flat while the imports of goods and services recovered.
- Economic forecasts: OECD forecasts Australian growth will slip in 2024 before recovering gradually in 2025, while inflation is expected to return to target for major economies by the end of 2025.
