Aussie total dwelling approvals up 7.2% in June
Australian Bureau of Statistics reported that total dwelling approvals rose 7.2% to 18,328 in June, according to seasonally adjusted data.
Australian Bureau of Statistics reported that total dwelling approvals rose 7.2% to 18,328 in June, according to seasonally adjusted data.
Annual CPI inflation in Australia slowed to 3.8% in the 12 months to June 2026, down from 4.0% in the year to May, according to the Australian Bureau of Statistics (ABS).
Australia and Singapore have signed an economic resilience protocol under their free trade agreement to protect essential supply chains.
The US administration has imposed a 12.5% import tariff on Australian products following a Section 301 trade investigation.
The Australian unemployment rate remained steady at 4.4% in June following a 76,000 person surge in total employment.
New Zealand’s annual consumers' price index increased 4.1% in the 12 months to June, breaking past the central bank target.
The IMF downgraded Australia's forecast economic growth for 2026 to 1.9% amid persistent inflationary pressures.
Toyota led the Australian vehicle market to an all-time monthly record of 140,058 sales in June.
The total number of Australian building approvals fell 1.1% in May to 17,019 dwellings, driven by a decline in apartment approvals.
ABS data shows 46% of Australian businesses faced rising operating expenses into June 2026, driven by surging overheads and staffing costs.
Australian household spending rose by 1.3% in May, according to the Australian Bureau of Statistics.
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