Europe, Japan and China continuing to gain traction
Election of Coalition Government and Lower Interest Rates improving Australian Business and Consumer Confidence
Australian residential housing shows further upward momentum
In global economies last month, manufacturing data continued to show signs of improvement.
The improved data out the US has been accompanied by the recovering Eurozone, particularly data out of Germany and France, while China appears to have stabilised following the weaker results seen earlier this year. Japan is also showing a positive response to the massive monetary and fiscal stimulus.
The improving global growth outlook is looking to become more synchronised across countries in 2014.