economy
Economy grows 0.2 per cent in December quarter
6 March
Australia’s economy expanded 0.2 per cent in the December quarter, propped up by government spending and private business investment. The quarterly lift in the Australian Bureau of Statistics’ official growth measure was a touch softer than...[Read More]
Electric cars crash Aussie records but utes top charts
6 March
Electric cars made up almost one in 10 new vehicles sold in Australia, according to new data, in the best result for the low-emission technology to date. But the popularity of diesel utes also soared by 26 per cent in Australia during February,...[Read More]
Consumer price index steady at 3.4 per cent in January
28 February
Australia’s consumer price index held steady at 3.4 per cent in the 12 months to January, coming in below expectations. The index had been widely expected to rise by 3.6 per cent on an annual basis, when the data was released by the Australian...[Read More]
Aussie workers above average on artificial intelligence
28 February
Australia’s desk workers are above the global average in adopting artificial intelligence but say guidance is lacking from bosses on how it should be used. Research data released on Wednesday shows one in four have tried AI tools for work as of...[Read More]
Aussie funding helps Pacific athletes attend Olympics
14 February
Australian taxpayers will help fund Pacific nations get to the looming Olympic and Paralympic Games in Paris. Sports in 13 Pacific nations will receive $1.47 million funding from the federal government in partnership with the Australian Olympic...[Read More]
Australia’s clean exports could slash global emissions
14 February
Australia could cut anywhere between six and nine per cent of global emissions by doubling down on green export industries all while powering another round of prosperity to rival the mining boom. That’s the message leading economist Ross Garnaut...[Read More]
Jetsetters and shoppers spend big as confidence returns
17 January
Australians have begun opening their wallets, with consumer confidence making a comeback amid positive economic signs. Consumers spent an average of nearly $200 more during the 2023 Black Friday and holiday season compared to the year before,...[Read More]
Unemployment to stay low despite drop in job vacancies
10 January
Unemployment remains stubbornly low amid a gradual cooling in the jobs market, but the resilience of the Australian economy is being tested by a global slowdown. Job vacancies dropped 0.7 per cent to 389,000 in the three months to November 2023,...[Read More]
Storm clouds loom for economy as rain, floods take toll
10 January
Storms and heavy flooding could wash away Australia’s budget bottom line despite inflation levels receding. Communities in far north Queensland and the state’s southeast have been battered by severe rain, while residents in Victoria, South...[Read More]
Hi-tech guns for frigates to give navy edge at sea
10 January
Australia will spend $380 million on naval artillery guns and fully automatic ammunition systems for its Hunter class frigates. BAE Systems has been contracted to deliver the weaponry which is due to be completed by 2036. The automated gun system...[Read More]
Black Friday sales get tills ringing as Aussies cash in
10 January
Shoppers spending big at Black Friday sales have delivered a larger-than-expected boost to retail figures. Retail turnover rose two per cent in November, following a 0.4 per cent drop in October, Australian Bureau of Statistics figures...[Read More]
Canberra condemns Russia getting North Korean missiles
10 January
Australia has condemned Russia for receiving ballistic missiles from North Korea as well as their use against Ukraine. “The transfer of these weapons increases the suffering of the Ukrainian people, supports Russia’s war of aggression and...[Read More]
Savings found to cover billions in new federal spending
13 December
Almost $10 billion in savings and spending changes have been clawed back as part of the mid-year federal budget review. The savings and reprioritisations include billions slashed from the federal infrastructure pipeline last month, the finance...[Read More]
Mid-year budget review examines challenges for economy
13 December
KEY CHALLENGES FOR AUSTRALIA’S ECONOMY * Economic growth is expected to moderate to 1.75 per cent in 2023/24 before recovering to 2.25 per cent in 2024/25 * Household budgets remain under pressure from elevated but moderating inflation and higher...[Read More]
China eases trade beef but abattoirs chase bigger stake
13 December
China has lifted suspensions from three Australian abattoirs in a further easing of punitive trade sanctions. China’s customs agency has removed bans on Teys Australia in Naracoorte, South Australia, Australian Lamb Company in Colac, Victoria, and...[Read More]