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Man showing woman empty wallet. | Newsreel

No love for non-essential spending in February

Valentine’s Day failed to open wallets this year, with consumer spending dropping in key sectors last month. The CommBank Household Spending Insights (HSI) Index fell

Sustained growth in business turnover figures

Business turnover in Australia is showing signs of sustained growth, despite ongoing challenges in the mining sector. The latest Australian Bureau of Statistics (ABS)

First US tariff hit minor, but beware of ripple effects

By Lisa Toohey “Unjustified” and “not the way that friends and allies should be treated”. That’s how Prime Minister Anthony Albanese and Foreign Minister Penny

ASIC accuses AustralianSuper of death benefit delays

Australia’s largest superannuation fund is being accused of delaying death benefits claims for nearly 7000 of its policyholders. The Australian Securities and

Dip in property prices slows growth in housing value

The rising value of Australia’s housing stock has slowed, as property prices fall in some parts of the country. Australian Bureau of Statistics (ABS) data shows the

Alfred catastrophe declaration prioritises insurance claims

Tropical Cyclone Alfred and the related severe weather event in South-East Queensland and northern New South Wales has been declared an insurance catastrophe, allowing

Per capita GDP returns to the black

Australia’s per capita Gross Domestic Product (GDP) grew for the first time in almost two years last quarter. Australian Bureau of Statistics (ABS) data shows overall

$52.4b current account deficit largest since 2016

Australia’s current account deficit was $52.4 billion last year, the largest in almost 10 years. The latest Australian Bureau of Statistics (ABS) data, released today,

Nature’s economic benefit measured for the first time

Australia’s ecosystems contribute at least $85 billon in value to the national economy, according to a first-of-its-kind report. The Australia Bureau of Statistics

Insurers call for $30 billion fund for flood defence

Australia’s insurance industry has proposed a $30 billion fund to protect some of the country’s most flood-prone areas. In its policy recommendations in the lead up

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