Oz Household Wealth Drops $9982
SYDNEY: Average household wealth dropped 2.3pc – or $9982– to $428,585 per person, the largest decrease since the September quarter 2011 and... Read More
Job Vacancies Fall By A Record 43%
According to the Australian Bureau of Statistics (ABS), the number of job vacancies in the country fell by 43% in the May... Read More
ABS: Another Quarter Of A Million Lost Work In May
According to the latest employment figures from the ABS, a further 227,700 lost employment between April and May, with the employment rate... Read More
ABS: Record Falls In Personal Retailing & Department Stores In April
According to the final Australian Bureau of Statistics (ABS) Retail Trade figures for April, the sector’s turnover fell by 17.7%. This is... Read More
Oz GPD Contraction Fuels Recession Talk
Latest ABS numbers reveal the Australian economy decreased by 0.3% for the first three months of 2020, alongside the slowest through-the-year growth... Read More
ABS: Biz Investment Scales Back Despite Aid
Local business investment decreased 1.6% during the March quarter, with RBA governor Philip Lowe saying it’s “entirely possible” the economic impact of... Read More
ABS: Laptop Imports From China Surged During COVID-19 Lockdowns
According to the latest trade figures from the Australian Bureau of Statistics (ABS), imports from China continued to recover in April from... Read More
Covid-19 Impact Still To Hit Oz Business: Report
CANBERRA: Some 72 percent of Australian busnesses expect reduced cash flow to have an adverse impact on their business over the next... Read More
March Oz Retail Sales Soar
Preliminary ABS numbers reveal a better-than-expected surge in local retail sales for March, prompt by ‘panic buying’ staples in preparation for lockdown,... Read More
Retail Sales Triumph Over Predictions
Late last year, retail bosses predicted a slow Christmas period for the sector – despite much needed economic stimulation. But figures released... Read More