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The Latest Breaking News from Belinda Allen

Footy fans help consumer spending roar into growth

A British and Irish Lions rugby tour and the State of Origin league decider helped push household spending up in July, the latest CommBank data shows.

Sussan Ley says PM ‘out of his depth’ – as it happened

Sussan Ley says PM ‘out of his depth’ – as it happened

This blog is now closed

The Guardian - AU

Real wages boost for workers, but costs might worry RBA

Real wages boost for workers, but costs might worry RBA

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

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Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

Tariff turmoil triggers Reserve Bank inflation fears

Uncertainty over US tariffs and a brewing global trade war cast a shadow over the Reserve Bank of Australia as it deliberated on cutting interest rates.

Migration rose by one-third last year to lift Australia’s population by a record 659,000

The net annual rise was revealed as Labor signalled moves to reduce migration arrivals

The Guardian - AU

Jobs market 'defies gravity' but weakening on horizon

The unemployment rate moved higher last month but is still well below historical norms, with more jobs added to the economy than expected.

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RBA has more to do to curb inflation as retail and job markets still strong, economists say

RBA has more to do to curb inflation as retail and job markets still strong, economists say

Despite fastest interest rate rises in three decades, retail turnover rose in May, when experts had expected a drop

The Guardian - AU

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

A surprise uptick in unemployment in April has stoked fears the labour market may be starting to turn, as forecasts predict a jobs downturn.

‘Highly probable’: RBA tipped to hike interest rates in June after wage data

‘Highly probable’: RBA tipped to hike interest rates in June after wage data

Economists are predicting another interest rates hike after wage growth rose in the March quarter, with risks around low productivity growth.

50-50: RBA mulls rate hike as retail sales slow

50-50: RBA mulls rate hike as retail sales slow

Australians are spending less time at the shops as sky high inflation and rapidly rising interest rates eat into retail sales.

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

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