February Retail Sales Smash Forecasts
Australian retail sales soared 0.8% in February, trumping analyst expectations for a 0.3% jump. It follows a disappointing 0.1% lift in January.... Read More
RBA Downgrades Annual Inflation Forecast
The Reserve Bank has officially downgraded its 2018 inflation forecast, expecting core and underlying inflation to climb 1.75% by December – down... Read More
Q1 Wage Growth Slumps Below Forecasts
Latest numbers from the ABS reveals Australian wages jumped 0.5% [seasonally adjusted] in Q1, notching a 2.1% year-on-year increase. Despite a rise in job openings,... Read More
Tap-And-Go Costs: Banks Warned
SYDNEY – The Reserve Bank has warned Australian banks that they risk further regulation if they fail to address retailers’ concerns over... Read More
Retail Sales Up Slightly In May But Remain Weak
Retail sales improved marginally in May, however were still comparatively weak, figures released today by the Australian Bureau of Statistics reveal. ABS... Read More