Economy

Australians stuck in a prolonged cost-of-living crunch are starting their festive shopping increasingly early. Most plan to finalise their shopping lists by October (53%) and do the bulk of their shopping by November (58%), new research from Shopify has revealed. This trend is more pronounced for Australians

Household spending was unchanged (0.0 per cent) in August, according to seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said: “Growth in household spending has stalled at the start of the financial year, even

The Reserve Bank once again held rates, but shoppers’ wallets remain shut to struggling retailers. The Australian Bureau of Statistics (ABS) reported that year-on-year sales flatlined in July, despite efforts by retailers to encourage spending. National Retail Association (NRA) Interim CEO Lindsay Carroll said the

The ACCC has commenced separate proceedings in the Federal Court against Woolworths Group Limited (Woolworths) (ASX: WOW) and Coles Supermarkets Australia Pty Ltd (Coles) (a subsidiary of Coles Group Limited – ASX: COL) for allegedly breaching the Australian Consumer Law by misleading consumers through discount

Despite the RBA’s decision, data from Employment Hero’s August Employment Report shows the economy is still struggling. Aussies could be looking at job instability and unpredictable pay coming into the holiday season, a further strain on already tight household budgets. Key Insights: Wages are still

Employment Hero’s August SmartMatch Employment Report reveals a growing divide in Australia’s economy, where rising wages and shrinking hours are creating challenges for businesses across sectors and regions. This month the Employment Report features a new wage growth metric: 12-month moving average, which demonstrates average

The Business Council says the Government’s decision to place caps on the number of international students permitted at each university will damage the economy and deliver long-lasting economic harm to Australia’s fourth largest export sector. BCA Chief Executive Bran Black said the decision to apply

The latest National Account figures revealed the economy is barely growing, with gross domestic product in real per capita terms down for an unprecedented sixth straight quarter. Outside the pandemic period, annual economic growth has not been this week since the recession of the early