Economy

The National Retail Association (NRA) has warned that the Reserve Bank of Australia’s (RBA) eighth consecutive interest rate hike will officially make them this year’s ‘Grinch who stole Christmas’. Interim CEO Lindsay Carroll said the RBA has no doubt used the recent dip in inflation

Australian retail turnover fell 0.2 per cent in October 2022, according to figures released today by the Australian Bureau of Statistics (ABS). This is the first monthly fall of the year in Retail Trade, following a 0.6 per cent rise in both August and September

Women are participating in the paid workforce more than ever before. By and large, though, they continue to work in the same jobs females have always had. In the 35 years from 1987 to 2022, females’ share of total hours worked in Australia grew from

Which countries pay their workers the highest wages? New research by Tipalti has dived into salaries across the world to see where average salaries and wages are the highest and Australia ranks 7th. The research reveals: Switzerland has the highest average wages in the world

This opinion article by Australian Chamber of Commerce and Industry chief of policy and advocacy David Alexander was first published in The Australian on Wednesday 23 November 2022. From time to time different governments around the world will feel frustrated that the wages of their

The latest figures on the economic performance of Australia’s states and territories shows Victoria leading the nation and New South Wales falling to last place. The annual gross state product accounts from the Australian Bureau of Statistics record the equivalent of gross domestic product (the total value

Australian retail sales are set to crack $60 billion for the first time this festive season, with consumers confident to continue spending momentum despite cost of living challenges. Insights from the National Retail Association shared today forecast Aussies to spend $60.6 billion in the pre

Retirees urged to postpone retirement until after the market recovers The downturn is not good news for retirees who are looking to live off their retirement funds and proceeds from other sources of income. “Typically retiring during a downturn is less than ideal if it

Business turnover fell in seven of the 13 selected industries in September 2022, according to monthly figures released today by the Australian Bureau of Statistics (ABS). Kate Lamb, head of Business Indicators at the ABS, said: “All industries recorded year-on-year increases in business turnover, led