Hints on state of economy as cost relief kicks in

25 July

Experts will scour the first trickle of financial data for early clues on the state of Australiaā€™s economy since tax relief kicked in. The purchasing managersā€™ indexes for the manufacturing and services sectors land this week, as pay packets...[Read More]

Home lending slips but still well ahead over the year

10 July

New home lending remains far ahead of where it was a year ago despite a minor dip in May for property investors and owner-occupiers. Over the month, the Australian Bureau of Statistics logged a 1.7 per cent fall in all new housing loans, to $28.8...[Read More]

Retail sales rise 0.6 per cent as sales start early

4 July

An early start to end-of-financial-year sales lured in bargain-hunters last month, contributing to a larger-than-expected 0.6 per cent lift in retail sales. The monthly gain beat the 0.3 per cent month-on-month consensus forecast and followed a...[Read More]

Hotter-than-expected inflation leaves RBA in tight spot

27 June

An unexpectedly large jump in the monthly consumer price index is unwelcome news for the Reserve Bank of Australia in its lengthy inflation battle. The monthly consumer price index rose four per cent over the 12 months to May, above expectations and...[Read More]

Captain Chalmers lines up soft landing on narrow runway

13 June

Global headwinds will continue to buffet Australiaā€™s economy as Treasurer Jim Chalmers sets a course for a final approach towards low inflation. Dr Chalmers is confident Australia remains on track for ā€œa soft landing on a narrow runwayā€,...[Read More]

Monthly inflation ticks higher for second month in row

30 May

A larger-than-expected rise in prices was recorded last month, with consumers slugged with higher prices for essentials like groceries and health. For the second month in a row, the Australian Bureau of Statisticsā€™ monthly consumer price index...[Read More]

Consumer spending the wildcard in rate hike uncertainty

23 May

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bankā€™s May meeting confirmed a rate hike was...[Read More]

Inflation holds steady but services prove stubborn

28 March

The final stretch to bring inflation back to target is proving challenging, based on fresh data, though that is broadly what the Reserve Bank expected. The Australian Bureau of Statisticsā€™ monthly inflation indicator held steady at 3.4 per cent...[Read More]

Swifties boost spending

14 March

The Australian economy got a leg up from Taylor Swift concerts but the much-anticipated visit was not enough to counter penny pinching elsewhere. Spending as tracked by Commonwealth Bank has been generally subdued and fell 0.3 per cent over the...[Read More]

Consumer price index steady at 3.4 per cent in January

28 February

Australiaā€™s consumer price index held steady at 3.4 per cent in the 12 months to January, coming in below expectations. The index had been widely expected to rise by 3.6 per cent on an annual basis, when the data was released by the Australian...[Read More]

Jobs data on agenda as signs point to cooling inflation

18 January

All eyes will be on jobs data this week as Australians hope for more positive signs before the Reserve Bankā€™s first rate decision of the year. A slowdown in jobs growth is expected to show up in the Australian Bureau of Statisticsā€™ December...[Read More]

Heated inflation figures put rate hike firmly in play

26 October

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up...[Read More]

Inflation surprise as rate of price growth slows in May

28 June

A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]

New building activity slows as rates bite

18 January

New home building starts have plummeted by more than 20 per cent in 12 months as labour and material shortages continue to weigh on the construction industry. New building activity fell further in the September quarter after softening moderately in...[Read More]

ACCC probe to ensure savers get fair deal

11 January

The consumer watchdog has been asked to look into interest rates for savers amid concern banks arenā€™t offering their customers a fair deal. Treasurer Jim Chalmers urged the Australian Competition and Consumer Commission to investigate the matter,...[Read More]