SFG.

SFG.

Demand improves Australian manufacturing, cost pressures remain

Summary: New orders for Australian manufacturing rebounded after a slow start to the year, but theoutlook remains challenging. Andrew Mckellar calls for productivity issues to be addressed as manufacturers' sentiment on the outlook for the next six months improves slightly but remains pessimistic amid slowing demand improvement and rising costs.

Australian Job Market Analysis May 2024

Summary:In May, the unemployment rate in Australia dropped to 4%, and the number of employed people increased to 14.3556 million, a month on month increase of 0.3%, with an annual growth rate of 2.5%. An increase in sick leave leads to a decrease in working hours. The total population has risen to 26.97 million, mainly due to net immigration. The labor market remains tense

Empty houses in Japan will cause nearly 4 trillion yen in losses over the next five years

Summary:The problem of vacant housing in Japan is becoming increasingly serious, and it is expected to cause economic losses of approximately 3900 billion yen over the next five years. The increase in vacant houses has affected land prices and the economy, causing a decline in the value of surrounding properties. The aging population and declining fertility rate are the main reasons.

Australian housing market hot, growth slows but still high

Summary: Core Logic reports that Australian home prices rose for the 16th consecutive month in May, with significant gains in the five major capital cities. Meanwhile, national housing rents rose 0.7% from a year earlier and 8.5% year-on-year, putting financial pressure on tenants.

Japan suffered a large trade loss in April

Summary: In April, Japan's exports grew by 8.3%, the fifth consecutive month of positive growth, while imports grew by the same 8.3%. The trade deficit rose to 462.5 billion yen. Exports to China hit a record high, with semiconductor equipment exports surging 95.4%.