Media Releases

HOMEBUILDER: TOO LITTLE AND LATE

June 04, 2020

With the construction industry hurtling towards a cliff, today’s construction sector support announcement falls a long way short of what is needed to prevent massive job losses in the building industry.

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AUSTRALIAN ECONOMY IN RECESSION FOR FIRST TIME IN 29 YEARS

June 03, 2020

The National Accounts confirm that the Australian economy shrank in the first three months of this year, even before the worst impacts of the Coronavirus were felt.

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RBA INTEREST RATE DECISION (JUNE 2020)

June 02, 2020

Today’s statement by the Reserve Bank highlights the profound and long-lasting economic impacts of the virus outbreak, and the need for ongoing fiscal support.

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CAPEX COLLAPSED AGAIN BEFORE THE VIRUS

May 28, 2020

New data confirms that capital expenditure had continued to collapse in the March quarter, before the worst of the virus outbreak and before the large-scale lockdowns began.

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RBA HIGHLIGHTS DANGERS OF “SNAP BACK” STRATEGY

May 28, 2020

Today the Reserve Bank Governor has highlighted the dangers of the Prime Minister’s “snap back” strategy, warning against a rapid withdrawal of support.

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CONSTRUCTION SLOWED BEFORE THE VIRUS

May 27, 2020

New data shows construction activity has fallen further in the March quarter, even before the worst of the virus outbreak and before the large-scale lockdowns began.

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WE'LL PUT PEOPLE FIRST