Economy

Inflation target remains elusive - Newsreel

Inflation rises but continuing to stabilise

Australia’s inflation rate is continuing to stabilise at lower rates, but remains outside the Reserve Bank’s two to three percent target range. Figures released by
Read more 24 April 2024
Sad shopper in supermarket. | Newsreel

Consumer confidence low, with little optimism

Consumer confidence is at its lowest level of the year and Australians are becoming increasingly pessimistic about the economy over the next few years. The latest
Read more 23 April 2024
Crowded city street. | Newsreel

Queensland middle of economic pack, but surging

Queensland’s economy continues to gather momentum, based on the latest CommSec State of the States report. The quarterly report, which tracks eight economic
Read more 22 April 2024
Woman and child on sheep station. | Newsreel

Sheep farmers have ridden a rocky rollercoaster

Much of Australia’s early economic success came from the wool industry – a nation “riding on the sheep’s back”. That was then. New longitudinal research just
Read more 22 April 2024
Unhappy construction worker. | Newsreel

10,000 business predicted to fail before June 30

More than 10,000 Australian business are expected to go into administration this financial year, if the current rate of insolvencies continue. Releasing third quarter
Read more 22 April 2024
Women shaking hands in meeting. | Newsreel

Unemployment and hours worked on the rise

Australia’s unemployment ranks grew by 21,000 in March but the underlying labour market trends remain stable. Figures released by the Australian Bureau of Statistics
Read more 18 April 2024
Woman eating chocolate. | Newsreel

Chocolate eating rises, fresh food declines

Australians have turned to chocolate over the past five years as vegetable, fruit and milk consumption drops. The latest Australian Bureau of Statistics food consumption
Read more 18 April 2024
Person welding. | Newsreel

Manufacturers rebound but face labour challenges

Australian manufacturers have rebounded strongly from the pandemic, but labour supply pressures are inhibiting future growth. The Australian Industry Group’s
Read more 18 April 2024
Worried woman and child gaze out window. | Newsreel

Wealth divide grows as housing gap widens

The wealthiest Australians lifted their net worth by 84 percent over the past 20 years as the gap between rich and poor continued to grow. Research released today by the
Read more 18 April 2024
Aerial shot of housing. | Newsreel

Rental strain on family budget at record levels

The portion of income needed to service rental payments is closing in on a third for most Australians, as unaffordability hits record levels. The latest ANZ CoreLogic
Read more 17 April 2024