Shock election result sees the unexpected re-election of the Coalition government

Looking for work: the health of China’s labour market is still hard to ascertain.

RBA to cut in June with a risk it eventually cuts below 1%.

The Bigger Picture – A Global and Australian Economic Perspective – May 2019.

Weaker economic trends even before trade tensions heat up again.

Reflecting the sustained strength in iron ore prices, NAB’s Non-Rural Commodity Price Index is forecast to increase by 0.4% qoq.

Surprise jump in conditions last month was unwound this month – with business conditions, confidence and forward orders now all below average.

Australian dwelling values fell half a percent last month as the pace of home value declines continued to ease.

Overall, the NAB Rural Commodities Index rose 1.1% in April, largely reflecting higher cattle, lamb, dairy and cotton prices, offsetting further declines in grain.

Consumer anxiety moderated in Q1 2019 but remains above year earlier levels.

Q1 GDP – headline growth overstates strength, but still a good result.

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