Michael Pascoe

First home buyer statistics not adding up

Michael Pascoe

Michael Pascoe Sometimes it's what isn’t there that tells a story. Take first home buyers statistics, for example.

A third of NBN not working, figures reveal

David Ramli and James Hutchinson About 118,000 homes and businesses that should be connected to the national broadband network can’t use the service because of defective fibre connections.

Deflation: The toxic crisis confronting Europe

Malcolm Maiden dinkus

Malcolm Maiden The first job for central banks in countries hit head-on by the 2008-09 global crisis was to avoid an economic depression.

Eco

Falling commodity prices hit trade balance

Falling commodity prices have caused Australia's trade balance to fall into the red.

Economy

Mining drives growth with rise in exports

Max Mason and Peter Ker Mining has underpinned Australia's better-than-expected economic growth figures, providing a headache for policy makers who have been betting on a recovery across other industries to fuel growth.

Michael Pascoe

A good year for the economy, but it's downhill from here

Coal miner

Michael Pascoe Well that was nice – a year of above-trend economic growth with rising labour productivity and profits. Too bad it’s downhill from here.

Economy

GDP: Australian economic growth beats expectations in March quarter

Containers are stacked on a ship berthed at Asciano Group's Patrick operations at Port Botany in Sydney, Australia, on Tuesday, Aug. 31, 2010. Australia's economic growth probably accelerated in the second quarter, helped by government spending on infrastructure and higher exports of iron ore to China even as recoveries in Japan and the U.S. showed signs of faltering. Photographer: Ian Waldie

Max Mason The Australian economy expanded at a stronger than expected rate in the first quarter.

Eco

GDP preview: Growth figures facing headwinds

Max Mason After some relatively weak data early in the week, views are mixed about Wednesday morning's impending growth figures for the Australian economy in the first quarter.

RBA keeps interest rates on hold

Glenn Stevens Reserve Bank Governor appeared before the House Economics Committee at Parliament House in Canberra on Monday 8 October 2012. Photo: Andrew Meares

Max Mason The Reserve Bank has left interest rates on hold with the record low level to continue as the economy transitions away from mining investment.

Economy

Consumer confidence picks up after massive budget hit

Luke Malpass Consumer confidence seems to have bottomed after plunging in the wake of the federal budget.

Economy

March current account deficit drops to $5.67b

PIC JIM RICE..05.12.08..PIC FOR AFR
Generic shipping containers - Generic trade, imports, exports, economy, shipping container, wharf, dock, storage. SPECIAL 12345

Australia's current account deficit narrowed to $5.67 billion in the March quarter.

Economy

Citi lowers Australian GDP forecast after soft economic data

Coal is Australia’s second largest export.

Max Mason A flurry of economic data is pushing economists to take a closer look Australia's first quarter economics growth forecasts.

Economy

Building approvals fell 5.6 per cent in April

Construction.

Approvals for the construction of new homes fell 5.6 per cent across Australia in April, official figures show.

Property

Consumer confidence starts hurting house prices

For sale

Jared Lynch Sharp falls in consumer confidence have begun to spill into the economy, with house prices in Australia’s capital cities falling for the first time in 12 months.

PMI

Australian manufacturing picks up in May

An employee of Electrolux adds components to a fridge at the Electrolux Factory in Orange, NSW. The future of the factory is unclear at this stage but managment is trying to improve efficiency and production to keep the factory open. generic factory manufacturing fridges industry union employment photo taken on the 11th of June 2013 PHOTO DOMINIC LORRIMER

Australia's manufacturing industry remains in decline, with confidence dampened by the federal budget.

Our first decadal budget is shifty

Ross Gittins dinkus

Ross Gittins This is the 40th federal budget I've studied, and it's definitely one of the most unique.

Eco

Australian wages to fall, says Nobel laureate

Professor James Mirrlees

Tony Boyd Wages will inevitably fall in rich countries like Australia, the United States and United Kingdom as the world moves toward economic equilibrium, according to Noble laureate, Professor James Mirrlees.

Business investment suffers unexpected drop

Mining

Luke Malpass First-quarter business investment comes in lower than expected, but the estimate for 2014-15 has been revised up, lending some support to the dollar.

Economy

New home sales rise in April

Sales of new homes in Australia rose for a fourth straight month in April, underscoring a pick-up in the housing sector.

Telcos

Telstra-NBN Co set to miss deadline

David Ramli The renegotiation of Telstra's $11 billion deal with NBN Co is likely to miss the mid-year deadline set by Communications Minister Malcolm Turnbull, sources familiar with the talks said.