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Latest news: Economic Indicator

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.

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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

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

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.

Mixed jobs data gives RBA more food for thought

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.

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RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

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

Pivotal inflation print to set scene for rates call

Pivotal inflation print to set scene for rates call

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

Wages still outpacing inflation, silver lining for RBA

Wages still outpacing inflation, silver lining for RBA

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.

Fuel hits new high as oil and Aussie dollar diverge

Fuel hits new high as oil and Aussie dollar diverge

Fuel hits new high as oil and Aussie dollar diverge

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

'Untenable' student debt hikes by thousands of dollars

'Untenable' student debt hikes by thousands of dollars

'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

Economy hit by 'dastardly duo' of rates and inflation

Economy hit by 'dastardly duo' of rates and inflation

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

Home price upswing not 'typical recipe' for rate cuts

Home price upswing not 'typical recipe' for rate cuts

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.

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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.

Inflation rate eases to two-year low in welcome sign

A larger-than-expected slowdown in the inflation rate has all but assured there will be no change in interest rates at the Reserve Bank's meeting next week.

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No solace for city renters as prices continue to surge

Economists say there could be relief on the horizon for renters, despite prices growing in every capital city in the last months of 2023.

Retail sales dip as shoppers hold off for Black Friday

Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.

Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

Banks pass on rate hikes to thrifty home loan customers

Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.

Outlook for economic activity slightly more upbeat

Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.

Floods, cyclone put New Zealand in slender recession

New Zealand experienced a shallow recession after two quarters of negative GDP growth to March 2023, according to data released by Stats NZ.

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Politics Australia Economy, Business and Finance New Zealand Housing and Urban Planning Education Economy Construction and Property Employment Banking Central Bank Labour Interest Rate Inflation and Deflation Economic Policy Real Estate Petrol People - Social Issue Economic Indicator Macro Economics

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