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Latest news: Economic Indicator

US economy contracts 0.3 per cent in the first quarter

US economy contracts 0.3 per cent in the first quarter

US economy contracted in first quarter of 2025, the first drop in three years.

Sliding inflation builds hopes of interest rate cut

Sliding inflation builds hopes of interest rate cut

Sliding inflation builds hopes of interest rate cut

Sliding inflation builds hopes of interest rate cut

Another interest rate cut is firmly on the table with analysts expecting the Reserve Bank to seriously consider the move on the back of fresh inflation data.

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

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Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Australians are expected to have pulled back on retail spending after major sales, with the latest data unlikely to shift the dial for the Reserve Bank.

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

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Tourism, wool exporters to win from China stimulus lift

Tourism, wool exporters to win from China stimulus lift

Tourism, wool exporters to win from China stimulus lift

Tourism, wool exporters to win from China stimulus lift

China's economy is set to slow as high debt and sluggish productivity weigh on investment and spending, but stimulus measures could boost Australian exporters.

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Australia's two most populous cities have signalled the beginning of a property downturn amid widening gaps between income, borrowing capacity and home values.

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Australia's economy may be limping along but jobs are still going, although mostly part-time gigs and predominantly roles in the public sector.

Business leaders eye economic light at end of tunnel

Business leaders eye economic light at end of tunnel

Business leaders eye economic light at end of tunnel

Business leaders eye economic light at end of tunnel

Corporate leaders report feeling upbeat about their firms and the broader economy as the business lobby takes aim at anti-business sentiment.

Landlord's market as property investor lending swells

Landlord's market as property investor lending swells

Landlord's market as property investor lending swells

Landlord's market as property investor lending swells

Lending to investors continues to lead the charge and outpace home loans taken out by owner-occupiers.

Inflation steps down but ladder still steep for RBA

Inflation steps down but ladder still steep for RBA

Inflation steps down but ladder still steep for RBA

Inflation steps down but ladder still steep for RBA

A mixed set of inflation numbers are unlikely to move the needle for the Reserve Bank as it weighs interest rates and persistent price pressures.

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Mixed jobs data gives RBA more food for thought

Record jobs participation will keep the Reserve Bank wary of cutting rates, despite unemployment rising in July to the highest level since November 2021.

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

Pivotal inflation print to set scene for rates call

Eyes will be fixed on quarterly inflation data which could land hot enough to trigger a rate hike at a time when other advanced economies are talking cuts.

Wages still outpacing inflation, silver lining for RBA

Workers enjoyed a pay-packet bump in the March quarter but a drop in the wage price index has eased fears wages are contributing to inflation.

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Fuel hits new high as oil and Aussie dollar diverge

Rising wholesale costs, high oil prices and a weak Australian dollar have pushed fuel prices to new highs in Australia's capital cities.

'Untenable' student debt hikes by thousands of dollars

The average student with about $26,500 in HECS debts will owe the government more than $1250 extra due to indexation.

Economy hit by 'dastardly duo' of rates and inflation

Australia's economy grew very little last quarter but the result was broadly in line with forecasts and unlikely to change the outlook for interest rates.

Home price upswing not 'typical recipe' for rate cuts

Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary.

Australia's jobless rate hits two-year high

Fresh labour data is unlikely to shift the dial for the central bank despite the jobs market slowdown appearing a little ahead of schedule.

Prices ease but insurance and housing are still biting

Consumer price growth is coming off the boil but some key essential goods and services are still painfully elevated.

Home prices climb and rate cuts could fuel more growth

The Australian market is stuck between the competing forces of poor affordability and a supply demand mismatch.

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