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Economic and Market Overview - June 2015
Monday 01 June 2015

Highlights

  • Brisbane’s headline consumer price index (CPI) remained relatively unchanged in the March quarter 2015, but was 1.4% higher over the year.
  • Australian equity prices have increased by 7 per cent, with resource sector equity prices partially recovering and financials' equity prices increasing strongly.
  • The Board decided to lower the cash rate by 25 basis points to 2.25 per cent.
  • Queensland’s state final demand (SFD) rose by 0.1%.
  • Trend employment in Queensland rose by 3,400 persons (0.1%) in March 2015, the fifth consecutive monthly gain.
  • The trend estimate for total dwelling units approved in Queensland in April 2015 was 21.0% higher than the April 2014 estimate.
  • The Federal budget has been announced and is focusing on building jobs, growth and opportunity and providing a credible path to surplus.