Australia's #services industry expanded further in April, with latest Ai Group Australian PSI® recording its highest monthly result since October 2003. Details here: go.aigroup.com.au/vz #ausbiz #ausecon

#budget2021 forecasts rising debt but a stable debt burden. Why? Historically low #interestrates rates. For all Ai Group Budget coverage see here: aigroup.com.au/policy-and-res… #ausbiz #RStats

#chartoftheweek the long-term unemployment rate increased in April - despite the headline rate falling - as those who lost their jobs at the start of the pandemic (April 2020) were added. Getting this rate down will be the difficult part of the recovery. #ausbiz #economy

Business profit, sales and wages data out today from the Australian Bureau of Statistics. Corporate profits down 0.3% but mining profits hit another record high due to iron ore exports. More details and the GDP data in the Ai Group Weekly update out Friday. #ausbiz #RStats

#chartoftheweek Domestic demand is now higher than pre-pandemic levels in every state & territory except Victoria. See more in the Ai Group Economics Weekly: aigroup.com.au/resourcecentre… #ausbiz #economy #RStats

#chartoftheweek Net interstate migration to Queensland has increased substantially during COVID-19 while Victoria experienced its largest decline to other states since the 1990s recession (which, like COVID-19 lockdowns, hit Victoria particularly hard). #ausbiz #RStats

#chartoftheweek The #olympics have started but this remains the most important race of all. Shoutout to Colin Angus for the English code and inspiration. #ausbiz #vaccines #RStats

Maybe Queensland should compete as its own country for #Brisbane2032? 😉 Shoutout to Moriah Taylor (she/her) 🇺🇦 for the tile and kable functions #olympics2021 #RStats

Behold the CBAM Megathread - Ai Group’s new report on Carbon Border Adjustment Mechanisms, described here: Part 1 – CBAM basics x.com/TennantReed/st… Part 2 – EU CBAM x.com/TennantReed/st… Part 3 – Recs! x.com/TennantReed/st… Report cdn.aigroup.com.au/Reports/2021/C…