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Deficit nears $15b despite surging US demand for gold

Australia’s current account deficit is nudging $15 billion, as the nation’s current account balance rose in the March quarter. The latest Australian Bureau of

Billion-dollar hit to agricultural production in 2025-26

The drought in southern Australia is expected to lead to a drop in Australia’s agricultural production of more than $2 billion in the next financial year. The latest

Push to localise supply chains a risk to global GDP

Global moves to on-shore manufacturing and production could undermine, rather than strengthen, supply chain resilience, according to the OECD. In its latest Supply Chain

Queensland comeback not enough for retail figures

A Queensland bounce-back was not enough to stop national retail figures slipping into the red in April. The latest Australian Bureau of Statistics (ABS) data showed

Numbers behind interest rates cuts and house price rises

By James Graham With the Reserve Bank of Australia easing monetary policy, interest rates are on the way down. Already this year, mortgage pre-approvals had begun to

Hidden cost of Aussie food production highest in world

The first stocktake of Australia’s $800 billion food system has revealed we have the highest per capita hidden costs of any food sector in the world. The CSIRO report

Miners lead 8.6 percent drop in company profits

The profits of Australian mining companies fell by almost 30 percent last financial year, according to the latest Australian Bureau of Statistics (ABS) data. ABS Head of

Agriculture sector defiant in face of adversity

Australia’s agriculture sector remains on track to be a $100 billion industry by 2030, despite the increased prevalence of natural disasters and other headwinds. A new

Inflation steady, but egg lovers cop a beating

Australia’s inflation remains steady and within the Reserve Bank of Australia’s target band of between two and three percent. The latest data from the Australian

OECD warns of a surge in global steel excess

The rising global excess of steel has promoted a warning form the world’s largest economic organisation. The latest OECD Steel Outlook report has urged countries to

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