Business News

Petrol price set to surge - 27 February 2012

Petrol prices are on the rise. According to the Australian Institute of Petroleum, the national average retail petrol price rose by 0.7 cents... read more >

RBA Testimony conveys confidence in domestic economy - 24 February 2012

The Reserve Bank Governor has delivered the clearest message yet that the Central Bank has a strong degree of confidence in the outlook for... read more >

Wages: winners and losers - 23 February 2012

New data confirms tame wages. Average weekly ordinary time earnings rose by just 0.5 per cent in the December quarter with private sector... read more >

Healthy wage growth backed by productivity gains - 22 February 2012

Wages rose by one per cent in the December quarter, in line with expectations. Annual growth of wages held steady at 3.6 per cent. Private... read more >

RBA: No rush to cut rates - 21 February 2012

The modest improvement in global economic conditions gave the Reserve Bank reason to pause in its current rate cutting cycle: Minutes of the... read more >

The CommSec 30/40/50 Project: purchasing power & affordability perspectives - 21 February 2012

Many Australian consumers complain about the high cost of living. But more than likely you would hear the same complaint if you went back 30... read more >

How good IS our economy? - 21 February 2012

One of the country’s best economic writers, Ross Gittins of the Sydney Morning Herald, has been looking on the brighter side of life... read more >

Aussie dollar, the motorist’s friend - 20 February 2012

Petrol prices mixed – the national average retail petrol price fell by 0.2 cents to 142.2 cents a litre in the past week. However,... read more >

Spending data validates rates decision - 20 February 2012

Business sales rise – the Reserve Bank has received some validation for its decision not to cut rates with economy-wide spending growing... read more >

More jobs, but outlook still murky - 20 February 2012

Employment rebounds – employment rose by 46,300 in January after a revised 35,700 fall in December (previously reported as a 29,300... read more >

Why we can’t trust the employment figures - 20 February 2012

Great jobs news sent the Treasurer into revelry, bagging Tony Abbott’s Opposition team for allegedly hoping on bad employment data to... read more >

Confidence levels perk up; Lacklustre lending - 15 February 2012

Consumer sentiment rebounds – the Westpac/Melbourne Institute index of consumer confidence rose by 4.1 per cent in February to a reading... read more >

Record number of firms shun finance - 15 February 2012

Cautious businesses – the NAB business confidence index rose from 3.1 to four in January, below the long-run average of 6.4. Business... read more >

Rate cuts spur interest in housing; Petrol set to rise - 13 February 2012

Rate cut boosts home loans. The number of new owner-occupier housing loans rose by a larger-than-expected 2.3 per cent in December while the... read more >

Rate cuts still likely as RBA downgrades growth - 10 February 2012

The Reserve Bank has not ruled out further interest rate cuts. Near-term growth and inflation forecast have been downgraded, albeit mildly... read more >

Lunar holiday distorts inflation landscape - 09 February 2012

Chinese New Year boosts inflation. China’s annual inflation rate rose from 4.1 per cent to 4.5 per cent in January – above... read more >

Interest rates on hold – for now anyway - 07 February 2012

The Reserve Bank Board has left official rates at 4.25 per cent. Last year the Reserve Bank cut rates at both the November and December... read more >

More migrants: joy for housing and retail sectors - 07 February 2012

More migrants for Australia. The number of permanent settlers entering Australia hit a 34-month high of 13,900 in December. Over the past... read more >

Consumers still on strike; Petrol price to fall - 06 February 2012

Consumers are cautious. Retail spending fell by 0.1 per cent in December. For the 2011 calendar year, retail sales grew by just 2.4 per cent.... read more >

Rate cuts working; Record SUV sales - 03 February 2012

More cars sold in January. The Federal Chamber of Automotive Industries reports that 76,783 cars were sold in January, up 4.3 per cent on a... read more >

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