‘Very positive news’: ray of light post inflation shock
Equipment investment in Australia's IT sector almost doubled in three months amid a surge in data centre projects, which could help revive productivity growth.
The economy
Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate up to its highest level in 16 months.
Companies employ 52,000 dedicated workers, more than Australia's entire coal mining sector, just to comply with regulation strangling business investment.
Pay packets are still growing in real terms according to fresh wages data, but economists say rising inflation could soon bring that to an end.
The economy
Consumers feeling merry in time for a Christmas splurge
Australian consumers are the most optimistic they've been since early 2022 despite fading prospects of more interest rate cuts.
The economy
SA named ‘best for business’ for third straight year
Two states heading to the polls next year have been named the best and worst places to do business in Australia based on factors such as taxes and red tape.
Update
Borrowers denied Cup Day rate cut in odds-on decision
The Reserve Bank of Australia has held mortgage rates steady after a surprise jump in inflation wiped out hopes of more rate cuts.
More rate cuts are looking increasingly unlikely as the Reserve Bank concedes it underestimated inflationary pressures that persist in the economy.
Treasurer Jim Chalmers has unveiled more changes to the nation's foreign investment review scheme in a bid to boost capital inflows to Australia.
Mortgage-holders will likely need to hold out a little longer for interest rate relief after a strong inflation reading from the Bureau of Statistics.
An interest rate cut is back in the running on Melbourne Cup day as surprising unemployment figures offer borrowers hope of a home-loan victory.
Australia's budget deficit will narrow in fresh figures the government says will fund crucial services but the opposition claims taxpayers are footing the bill.
Australia's headline inflation rate jumped to three per cent in August, but the less volatile trimmed mean eased, in a reassuring sign for the Reserve Bank.
Markets could be underpricing geopolitical risks, potentially threatening Australia's financial stability, the Reserve Bank of Australia fears.
Australia's sovereign wealth fund has delivered a strong result for financial year 2025, despite significant global economic turmoil.
In a major speech, the prime minister will say future economy growth will be tied to the shift to clean energy and the private sector will play a leading role.
S&P Global Ratings has lowered its credit rating for the ACT government to AA from AA+ with the "expectation that ACT will incur large deficits after capital accounts and its debt will be structurally higher than in the past".
Reserve Bank governor Michele Bullock has signalled there might not be many more interest rate cuts to come after surprisingly strong 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.
