Interest rates

Rates are on hold - but for how much longer?

Misa Han The Reserve Bank of Australia is on track to break its record for the longest spell of cash rate inertia, with most major economists forecasting the central bank will sit on its hands well into 2015.

Economy

RBA governor Glenn Stevens calls for more business investment

Mark Mulligan Reserve Bank of Australia governor Glenn Stevens has called on business to invest more to speed up the transition away from resources-based growth.

Economy

What the GDP figure for June really means

GDP

Gareth Hutchens GDP is a backward looking economic indicator.

Tourism

Tourist spending jumps to record $30.1b in Australia

A record 6.1 million international visitors came to Australia last year, up 8 per cent from the prior year.

Jamie Freed Spending by international visitors to Australia rose to a record $30.1 billion in the financial year ended June 30, up 7 per cent from the prior year due to a strong rise in the number of...

Eco

Red tape holding back Australia: WEF

Dollars

Jared Lynch Red tape and a "rigid" labour force are hammering Australia's global competitiveness, according to the World Economic Forum.

GDP

Economic growth slows to 0.5 per cent in June quarter

A big fall in exports cut growth in the June quarter

Mark Mulligan The Australian economy grew a mere 0.5 per cent in the June quarter as a steep fall in export values and weak capital expenditure crimped national output.

Real estate

House price boom must end, says David Gonski

for sale.

Georgia Wilkins ANZ chairman David Gonski has warned Australia’s booming housing prices cannot go on forever and the market will eventually experience a correction.

Economy

RBA holds rates pointing to jobs, Chinese property

interest rates

Mark Mulligan The Reserve Bank of Australia on Tuesday kept interest rates on hold at 2.5 per cent, as it again noted slack in the job market and rising house prices, while introducing concerns about the Chinese...

Current account deficit widens in June quarter

Exports fell 7 per cent in the June quarter.

Mark Mulligan Australia’s current account deficit widened out to $13.7 billion in the June quarter, from $7.

Property

First-home buying hits four-year low

Housing

Jens Meyer First-home buying has plunged to a four-year low, according to mortgage broker AFG.

Economy

RBA will be eyeing global weakness with cash rate decision

RBA governor Glenn Stevens.

Mark Mulligan The RBA statement accompanying Tuesday's interest rate decision is likely to focus on global conditions, the slow rate of non-mining investment and perhaps the strength of the Australian dollar.

Economy

Critical September in store for shares

September has traditionally not been a kind month for stocks.

Vesna Poljak September is historically no friend of investors but experts are wondering if the first positive June quarter since 2009 could pave the way for a welcome break from tradition or play into the hands...

Results

Company gross profits down 6.9 per cent in Q2

Company gross operating profits fell 6.9 per cent in the June quarter, official figures show.

Economy

TD Securities-Melbourne Institute inflation gauge at seven-month low

Petrol prices helped ease inflation in August.

A private gauge of Australian price pressures showed consumer price inflation at its lowest in seven months in August, a welcome sign of moderation after higher readings in the second quarter.

Eco

Manufacturing index softens in August

Across the whole PMI, production, new orders, sales, employment and supplies were all below 50, indicating contraction at all levels of manufacturing.

Mark Mulligan Manufacturing conditions worsened slightly in August compared with July, according to the latest Australian Industry Group (AiG) Performance of Manufacturing Index (PMI).

Focus on weak GDP growth, high dollar

Centrelink sign

Mark Mulligan A welter of economic data will point to whether or not the re-balancing of the Australian economy has gathered momentum.

Currencies

Broken $A shock absorber giving growth a bumpy ride

Australian dollar

Misa Han The Australian dollar’s persistent strength in the face of falling commodity prices and a declining gap between local and overseas bond interest rates is dragging on the country’s...

Michael Pascoe

Business investing in the economy we don't talk about

While mining and manufacturing get plenty of attention, the game has moved on.

Michael Pascoe It sometimes seems capital investment commentary in Australia concentrates on mining and manufacturing, perhaps because they are industries with unhappy outlooks and bad news is good news.

Unexpected capital expenditure jump defies experts' predictions

Stephen Cauchi New private capital expenditure has rebounded in the June quarter, rising 1.1 per cent and defying economists' expectations of a decline.

Housing

New home sales fall in July

Sales of flats, townhouses and semi-detached houses were down 10.9 per cent last month.

The housing market has suffered a setback to the start of the financial year after enjoying a strong recovery in 2013/14.