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Latest news: Economic Indicator

Rate rise pain all but certain after inflation shock

Rate rise pain all but certain after inflation shock

Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.

IMF warns of AI bubble risk to global growth outlook

IMF warns of AI bubble risk to global growth outlook

IMF warns of AI bubble risk to global growth outlook

IMF warns of AI bubble risk to global growth outlook

Australia is projected to endure drawn-out, above-target inflation, global economic body the International Monetary Fund says.

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Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

Fewer Australians are expected to seek fresh employment as the market becomes tighter and artificial intelligence technology creates uncertainty.

New Zealand's GDP rollercoaster continues with Q3 lift

New Zealand's GDP rollercoaster continues with Q3 lift

New Zealand enjoyed a much-needed 1.1 per cent boost to GDP in the September quarter, fuelled by tourism, dairy and manufacturing.

Savings found in budget update as blowouts add up

Savings found in budget update as blowouts add up

Treasurer Jim Chalmers has revealed billions of dollars in savings as other projects in the budget blow out amid "grave" concerns over its bottom line.

Budget update to reveal Australia's fiscal fortunes

Budget update to reveal Australia's fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

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US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US employers added a surprisingly solid 119,000 jobs in September, the Labor Department says.

Wages data could force RBA to turn page on rates cut

Wages data could force RBA to turn page on rates cut

Wages data could force RBA to turn page on rates cut

Wages data could force RBA to turn page on rates cut

Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.

Illicit cigarettes surge clouds modest spending lift

Illicit cigarettes surge clouds modest spending lift

Illicit cigarettes surge clouds modest spending lift

Illicit cigarettes surge clouds modest spending lift

A 0.2 per cent rise in household spending in September would have been twice as strong if not for a fall in legal tobacco sales, according to official figures.

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.

'Wild' $2m forecast for nation's priciest house market

'Wild' $2m forecast for nation's priciest house market

'Wild' $2m forecast for nation's priciest house market

'Wild' $2m forecast for nation's priciest house market

It's a great time to own a home but a tough time to buy one, with values rising fast in the regions and every capital.

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

One in every three property markets in Australia have a median value of $1m after fresh gains across the country, led by Queensland.

Bank's big rate call after 'ugly' inflation print

Bank's big rate call after 'ugly' inflation print

Bank's big rate call after 'ugly' inflation print

Bank's big rate call after 'ugly' inflation print

A big four bank has pushed back its forecast for the next Reserve Bank rate cut after Australia's headline inflation rate jumped in August.

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National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

Jobs data in focus as economic outlook brightens

Workers are taking home a larger slice of the economic pie as a result of Australia's historically tight labour market.

Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

Nation's economic pulse check dominates data-heavy week

Australia's weak private sector could dampen the nation's economic recovery and cause GDP growth to undershoot the Reserve Bank's forecasts.

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Rate cut hopes dim as power bill shock sparks inflation

Borrowers hoping for a second straight interest rate cut have been dealt a blow after a surge in electricity prices drove inflation unexpectedly higher.

Jigsaw coming together for further interest rate relief

A soft inflation print and surprisingly strong retail sales paint a rosy picture of the Australian economy ahead of a key Reserve Bank rate meeting.

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

Nation on notice as signs point to growing jobless rate

Australians are being warned about possible further rises in unemployment after a shock jobless rate jump that has strengthened the case to cut interest rates.

Jobless rate nears four-year high, firms rethink plans

Australia's unemployment rate has bucked expectations and risen as economic headwinds take their toll on employers.

Retail spending tipped to stay soft as home prices soar

Housing prices are expected to climb ever higher, even as a predicted recovery in dwelling consents shines a ray of hope on Australia's supply ambitions.

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

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