22nd January 2024
The 2-page Market Snapshot has been published, based on Market Report data, as the AMA has traditionally published in advance of the NAMM Show.
Members can download the Snapshot here2024 Market Snapshot (year to Sept 23 data).
The most recent data is available in more detail in the Quarterly Report (year to September 2023). Some members have asked about the full calendar year data for 2023, unfortunately we do not yet have the data.
17th November 2023
The first of a new seasonal report from the AMA, sharing up to date import data throughout the year, has just been released. As part of the recent review of the Annual Market Report, and the updated methodology and presentation, these reports will be released soon after quarterly data is made available.
Members: See the report (Login required) | Non-members: Join Now Continue reading
|
Economic snapshot |
2022 |
2021 |
2020 |
|
Economic Growthi |
2.75% |
4.2% |
1.1% |
|
Unemployment Rate |
3.5% |
4.0% |
6.3% |
|
Cash Rate Targetii |
0.1% (Jan) 3.10% (Dec) |
0.1% |
0.1% |
|
Wage Price Indexiii |
3.4% |
2.3% |
1.4% |
|
Populationiv |
26.27 million |
25.75 million |
25.68 million |
|
Consumer Price Indexv |
7.8% |
3.5% |
0.9% |
Throughout 2022 the Australian economy entered a period of increasing inflation and interest rates, creating difficult conditions for retail trade in consumer products. Unemployment fell below 4% early in the year and stayed there, reaching a low point of 3.4% and ending the year at 3.5%.i Wages increased at a faster pace than usual, with the Wage Price Index moving above 3% for the first time in almost 10 years. However, higher wages and low unemployment were matched with higher interest rates, with the RBA cash rate moving from 0.1% to 3.1%, and consumer price index reaching a high point of 7.8%. Continue reading
