The Weekly Economic Update (WEU) is published on Fridays and summarises key economic data (eg, share market data, GDP and CPI inflation) for the week from sectors such as retail, manufacturing, housing, and international trade. It also summarises financial market reaction to these data releases.
The Treasury will publish WEUs alongside its Monthly Economic Indicators (MEI). A typical month will have four WEUs. However, this may vary from month to month. The publication of the MEI means there will generally be no WEU released at the end of each month.
From 14 April 2020 the WEU has been expanded to include key high-frequency indicators that can provide more context on the current economic situation. The indicators presented in the WEU are a subset of those presented in the companion “COVID-19 Economic Dashboard”, also published each Friday. From 31 July 2020 the COVID-19 Economic Dashboard is included as part of the WEU.
Most of the material in the WEU will be similar to that in the MEI. However, should differences occur, the MEI analysis should be used.
Disclaimer for weekly economic updates
The Treasury has made every effort to ensure that the information contained in these updates is reliable, but makes no guarantee of its accuracy or completeness and does not accept any liability for any errors. The information and opinions contained in these updates is not intended to be used as a basis for commercial decisions and the Treasury accepts no liability for any decisions made in reliance on them. The Treasury may change, add to, delete from, or otherwise amend the contents of this report at any time without notice.