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Monthly Economic Indicator Released (August)
Monthly Economic Indicator Released (August)
The August Monthly Economic Indicators (MEI) was published on the Treasury Website at 4 pm yesterday. The report provides a summary of recent economic events with a focus on economic activity in the July quarter.
Data released this month is broadly consistent with Treasury's macroeconomic forecasts, released as part of the Pre-Election Economic and Fiscal Update (PREFU). As envisaged in the PREFU, there are more signs of macroeconomic imbalances developing in the economy, namely, more persistent inflation and a larger current account deficit.
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