Australian household spending rises 1.3% in May
Australian household spending rose by 1.3% in May, according to the Australian Bureau of Statistics.
Australian household spending rose by 1.3% in May, according to the Australian Bureau of Statistics.
The Australian Bureau of Statistics reported that national job vacancies fell by 2.1% to 329,500 positions in the three months to May.
The Australian Bureau of Statistics reported that the national seasonally adjusted unemployment rate fell to 4.4% in May.
The Australian consumer price index rose 4% in the 12 months to May, down from a 4.2% increase in the year to April.
JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.
The Australian Bureau of Statistics reported that overall Australian business operating profits fell 1.9% in the 2024–25 financial year.
Australia's population increased by 1.5% to reach 27.8 million people in the 12 months to December 2025.
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
Australia's economic engine is stalling as labour productivity slipped by 0.6% in the March quarter.
Australian mental health prescriptions surge as nearly one in five citizens are prescribed psychiatric medications.
Australia's government expenditure on research and development crawled to $4.4 billion in 2024–25, marking a 1% increase from 2022–23.
Australia's total value of residential dwellings climb 2.5% to hit a record $12.8 trillion in the March quarter.