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Treasury Release : Monthly Economics Indicators July 2014

Treasury Release : Monthly Economics Indicators July 2014

The July Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events.

The main points:

• July’s data releases showed that confidence in the economic outlook had slipped, export growth weakened and housing market activity slowed.

• Inflation remained moderate in the June quarter, but with spare capacity exhausted, price pressures are expected to intensify.

• The international economy showed signs that growth has strengthened, while inflation is rising in the major advanced economies apart from Europe.
This month’s special topic looks at the interaction between fiscal and monetary policy.

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