The Australian Industry Group Australian Performance of Business Index (Australian PBI) fell by 4.5 points to 38.1 in September 2020, pointing to a further contraction in activity and at an accelerating pace. This reflects the ongoing impact of COVID-19 and renewed activity restrictions and border closures in response to it (results below 50 points in […]

“The HomeBuilder program has been very positive for the detached house sector but the impact of this program is yet to be seen in ABS approval data. The lift in detached house approvals in July (2020) is more likely reflect building application lodgement and processing returning to normal after the shut-down,” stated HIA Chief Economist, […]

“Industry welcomes the introduction into Parliament today (August 26 2020) of a Bill to extend the operation of the JobKeeper scheme and the short-term flexibility measures in the Fair Work Act, until late-March. The JobKeeper scheme is playing a vital role in saving thousands of businesses and millions of jobs. The short-term provisions in the […]