BMI View: In tandem with the wider economy, Australia's shipping industry will not see huge strides in
terms of y-o-y growth, but it will nonetheless enjoy modest gains over the medium term. While the
Australian economy continued to slow in Q1 2015, we maintain our 20 ..."
The headwinds are beginning to circle around the Australian economy and, by extension, the country's
shipping industry, this is especially the case over the short-term. Growth will be muted at the country's main
ports in 2015 with the port of Fremantle leading the way in terms ..."
In 2015, we expect to see a not too dissimilar growth picture than 12 months previous across the country's
major ports. Welcome news does arrive from the fact that we have revised up our real GDP growth forecast
estimate for 2014 to 2.8% from 2.3% previously, given the stronger ..."
The strong performance by Australian exports lifted Q1 2014 real GDP growth to 1.1% quarter-on-quarter
(q-o-q) in real and seasonally adjusted terms, and we have upgraded our 2014 growth forecast to 2.3% on
the back of these figures. This should provide welcome news t ..."
We believe our forecasts for a weaker Australian dollar and lower long-term yields remain well placed, as
economic indicators are deteriorating in line with our expectations for growth to slow. We see the economy
struggling on the domestic and external fronts, due to ..."
Although high prices and strong external demand for Australian commodity exports over the last couple of
years helped to underpin the country's real GDP growth - despite the rising costs domestically, this trend has
reversed as the declines in cost in competing countr ..."
Although the Australian economy continued to grow at the end of 2012 (0.6% quarter-on-quarter in
seasonally adjusted terms), with this performance supported by the improvement in export
performance, BMI does not expect external demand to remain resilient in 2013. This ..."
In line with BMI's expectations for the Australian economy to struggle in 2013, real GDP growth in Q1
2013 slowed to 2.2% quarter-on-quarter (q-o-q) in seasonally-adjusted annualised terms, compared to 2.3%
in Q4 2012. We expect the slowdown in private consumption to ..."
The Australian economy continued to grow at the end of 2012 (0.6% quarter-on-quarter in seasonally adjusted terms) with this performance supported by the improvement in export performance. However, BMI does not expect external demand to remain resilient in 2013, impacting the cou ..."
Although iron ore prices have risen on the back of optimism that stimulus from China will support demand,
we remain a little sceptical of the Chinese recovery as the structural problems still exist, and do not expect
the rebound to last beyond H113. As such, we mainta ..."