The unemployment rate in Australia has unexpectedly increased, marking the first rise this year, which may enhance the prospect of interest rate cuts in the upcoming month following the Reserve …
ABS
- Finance
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The Australian housing market has reached a significant milestone, with the average dwelling price exceeding $1 million for the first time, according to recent data from the Australian Bureau of …
- Cost of Living
Australian economy contracts on a per capita basis following sluggish growth in the March quarter
by adminAustralia’s economy exhibited only modest growth during the first quarter of the year, as households increasingly prioritised saving their income, coupled with significant weather disruptions impacting exports and tourism. Recent …
- Finance
Australia has enjoyed a balmy autumn, and local apparel retailers are feeling the impact.
by adminAustralians have enjoyed an unusually warm autumn, but this unexpected weather has impacted retail spending, as highlighted by the latest data from the Australian Bureau of Statistics (ABS). According to …
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The unemployment rate in Australia has held steady at 4.1% ahead of the Reserve Bank’s upcoming interest rate decision. Recent figures from the Australian Bureau of Statistics (ABS) reveal that …
- Finance
Annual wage growth rises for the first time in nearly a year amid calls for rate cuts.
by adminAnnual wage growth in Australia has seen an uptick for the first time since June 2024, with a notable increase of 0.9% in the March quarter and a year-on-year rise …
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Core inflation in Australia has slipped back into the Reserve Bank’s target range for the first time in over three years, according to recent data from the Australian Bureau of …
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Australia’s unemployment rate remained unchanged at 4.1 per cent in February, according to recent figures from the Australian Bureau of Statistics (ABS), despite a loss of over 53,000 jobs in …
- Finance
Australia Emerges from Per-Capita Recession Following Two Years of Strongest GDP Growth
by adminAustralia has emerged from a per-capita recession, experiencing its strongest economic growth in two years. According to newly released national accounts data from the Australian Bureau of Statistics (ABS), the …
- Finance
Inflation Remains Stable, Yet Core Figures Climb, Dashing Hopes for a Second Rate Cut
by adminAustralia’s consumer price index (CPI) for January has held steady, although a rise in core inflation has diminished expectations for a potential second interest rate cut in the early part …