Inflation rate eases to two-year low in welcome sign
A larger-than-expected slowdown in the inflation rate has all but assured there will be no change in interest rates at the Reserve Bank's meeting next week.
A larger-than-expected slowdown in the inflation rate has all but assured there will be no change in interest rates at the Reserve Bank's meeting next week.
Economists say there could be relief on the horizon for renters, despite prices growing in every capital city in the last months of 2023.
Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.
Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.
Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.
Faster growth in China's economy than expected over the third quarter suggests a recent flurry of policy measures is helping to bolster a tentative recovery.
Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.
New Zealand experienced a shallow recession after two quarters of negative GDP growth to March 2023, according to data released by Stats NZ.
Five in eight capital cities have experienced declines in housing values in July as national prices mark the third consecutive month in the red.
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
Farmer confidence is declining according to the latest survey, with increasing input costs and the war in Ukraine impacting Australia's agricultural sector.
Commonwealth Securities quarterly State of States report has found Tasmania topping the ladder for the eighth consecutive quarter.