Australian Economy

The Australian Bureau of Statistics (ABS) last week released the annual national accounts for the 2024-25 financial year, which are summarised below.

Prime Minister Anthony Albanese has launched a new propaganda campaign promising to make Australia a strong manufacturing nation again.

By Lucinda Jerogin, Associate Economist at CBA: It was a quiet week in Australia with a dearth of data releases.

Roy Morgan Research has released a survey on mortgage stress, which shows that the lowest share of mortgage holders ‘At Risk’ of ‘mortgage stress’ since February 2023, just prior to the Reserve Bank of Australia’s (RBA) first rate hike.

It was interesting reading an article from the US news site NPR lamenting the rise in electricity costs, which are growing at twice the rate of inflation.

The market share of Australia’s illegal tobacco trade is estimated to have risen from 29.6% in 2023 to 61% in 2025, according to tobacco industry sources.

By Ashwin Clarke and Lucinda Jerogin, economists at CBA: Key Points: The price of gold has surged to new record highs this month, driven by safe-haven demand.

Critical minerals are very energy-intensive to process.

Since the pandemic kicked off in early 2020, around 60% of the nation’s job growth has been driven by the non-market (largely government-funded) sector, which comprises healthcare, social assistance, education, and public administration and safety.

Issued by Capital Guard AU Pty Ltd (ABN 48 168 216 742, ACN 168 216 742, ASFL 498434).

It was never a boom in the traditional sense.

Compare the Market’s annual Household Budget Barometer report shows that many Australians are continuing to feel the strain of rising living costs.

Under progressive leadership regimes, the Australian central bank has become ever more corrupt and unable to speak truth to power, especially when it comes to the single most important macroeconomic input into the economy: immigration.

A surge in Australia’s unemployment rate is the one factor that could force the Reserve Bank of Australia (RBA) to cut rates sooner and deeper.

The NAB survey out yesterday was not very encouraging.

Australians are consistently ranked among the wealthiest people on earth.

While Japan welcomes almost 37 million visitors per year and is widely considered one of the safest places in the world, in quarters more focused on economics, the focus is often placed on its status as a cautionary tale.

This month, the Reserve Bank of Australia (RBA) decided to hold the official cash rate at 3.60%, citing resurgent inflation risks.

Stats NZ released migration data, revealing that only 10,600 net overseas migrants arrived in New Zealand in the year to August.

Bureaucracy and waste are drowning the state of Victoria.

Roy Morgan has released its labour force estimates for September, which reported a solid decline in both unemployment and underemployment. According to Roy Morgan, unemployment decreased by 37,000 to 1,739,000 (down 0.3% to 10.8% of the workforce) while under-employment dropped 243,000 to 1,499,000 (down 1.6% to 9.3%).