Australian Economy

Last week, the ABC published the following table showing Australia’s most valuable goods exports: Since Australia doesn’t manufacture much anymore, mining, energy, and agricultural goods comprise virtually all of Australia’s goods exports.

The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year.

The Trump administration’s “Liberation Day” retaliatory tariffs have slapped tariffs of 10% to 48% on US trading partners.

Last week’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, exceeding the $51 billion allocated to the defence budget.

Shadow treasurer Angus Taylor defended the Coalition’s proposed East Coast gas reservation policy in a National Press Club Q&A on Wednesday.

Australia has traditionally had a gaping trade deficit with the United States. The following table from Australia’s Department of Foreign Affairs and Trade (DFAT) shows that the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24.

The annual minimum wage circus has begun, with the Australian Industry Group (AIG) urging the Fair Work Commission (FWC) to adopt a “moderate increase” in minimum wages of not more than 2.6%: “In recent years, high inflation resulted in very large increases to minimum wages.

This is another pointless debate, as usual.

Last week, the Reserve Bank of Australia (RBA) released Q4 2024 data on household debt.

Warner Bros Discovery’s Max streaming service debuted in an already-crowded Australian market on Monday.

Progressive think tank Per Capita has released a report criticising the low wage growth experienced by young Australians, which has prevented them from purchasing a home.

The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) showed that Australian households remained trapped in recession.

The Australian Made Campaign has welcomed additional funding of $20 million in last week’s federal budget.

The last noteworthy stock market boom happened when markets rebounded immediately after the COVID-19 pandemic.

As was widely expected, the Reserve Bank of Australia (RBA) chose to keep the official cash rate on hold at 4.10% at Tuesday’s monetary policy meeting.

The Council of Small Business Organisations Australia (COSBOA) launched a campaign on Monday, calling on Labor and the Coalition to lower the company tax rate from 25% to 20% for the 2.6 million businesses with an annual turnover of less than $20 million.

Via ABS.

Last week’s softer-than-expected monthly inflation gauge from the Australian Bureau of Statistics (ABS) was matched by the Melbourne Institute’s (MI) trimmed mean inflation gauge for March.

The Q4 Australian Bureau of Statistics (ABS) national accounts, released earlier this month, showed that the economy edged out of per capita recession after recording 0.1% growth over the quarter.

An air conditioning unit is an essential appliance that provides cooling comfort during hot and stuffy days.

Geoff Russ from Canada’s National Post penned a cautionary tale on how out-of-control immigration has degraded Canada’s economy and living standards.

The “Stats Guy” Simon Kuestenmacher, is a renowned immigration lobbyist.

Tuesday’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, surpassing the $51 billion allocated to the defence budget.

I reported this week on how the nation’s residential housing stock reached a record $11,032.2 billion at the end of 2024, with the average dwelling valued at $976,800.

CBA head of Australian economics, Gareth Aird, has explained why he believes the Reserve Bank of Australia (RBA) will cut the official cash rate at its May monetary meeting.