The Sydney Morning Herald has today reported that “the economy rose 1.3 per cent in the March quarter, more than double the pace expected by economists”. This is strong data that is needed to add confidence in what is still regarded as a very volatile market. This data caught many by surprise including a number of key analysts as well as the chief economist for the CBA bank.
This adds some reassurance and with the European markets expected to remain uncertain for many months to come; this positive data will go a long way in keeping the Australian market on track. Equally surprising was further investment in the mining sector which had recently taken a number of knocks following downturns in China.
Always research data when considering your next job strategy.