There are thousands of individual data series monitored by the staff in the Bank’s Economic Group, covering Australia and a number of other countries. An array of financial information from all the major markets around the world as well as in Australia, is monitored on a daily basis. This work is complemented by an extensive program of business liaison.
Under such circumstances, the European economy has continued to recover steadily, and the divergence in growth rates among the euro area economies clearly has become smaller recently. Emerging and commodity-exporting economies have followed their recovery trends.