The newest economic news for Australia curated by Grafa

Business turnover in Australia increased by 1% in July, according to new data from the Australian Bureau of Statistics, marking a rebound from declines in the previous two months.

The number of Australians working multiple jobs decreased by 1.2% to 961,000 in the June quarter, according to the latest data from the Australian Bureau of Statistics.

The Australian Bureau of Statistics has reported a 3.9% increase in the total value of new housing loans for July, reaching $30.6 billion.

Household spending in Australia increased by 0.8% in July, according to seasonally adjusted data from the Australian Bureau of Statistics.

Australia's economy expanded by 0.2% in the June quarter, with a 1.5% rise for the 2023-24 financial year, according to the Australian Bureau of Statistics.

Australia's current account balance fell by $4.4 billion to a deficit of $10.7 billion for the June quarter, according to the Australian Bureau of Statistics.

The total number of dwelling approvals rose 10.4% to 14,797 in July, rebounding from a 6.4% decline in June, according to data from the Australian Bureau of Statistics.

Australian retail turnover remained steady in July, holding at the same level as the previous month, according to the Australian Bureau of Statistics.

Private new capital expenditure in Australia decreased by 2.2% in the June quarter, according to the Australian Bureau of Statistics.

In the year to July, Australia's consumer price index rose 3.5%, a decrease from June's 3.8%, according to the Australian Bureau of Statistics.