Australia’s economic growth continued to slow in the December quarter, falling into a per capita recession for the first time since the mid-2000s. Latest figures from the Australian Bureau of Statistics (ABS) revealed that the economy grew by 0.2% in seasonally adjusted chain volume terms during...
Australian business conditions experienced their steepest monthly fall since the global financial crisis in December, according to National Australia Bank’s (NAB) latest monthly survey. NAB’s measure of conditions plunged by 82%, going from +13 in November to +2 in December, while business confidence remained flat at...
Following a profit warning, Apple’s share price closed 9.96% down on Thursday, generating a wave of panic across global markets with several sectors of the Australian Stock Exchange (ASX) shaken by the news. The benchmark ASX 200 finished 0.4% lower at 5,613, after correcting a steeper...
Latest figures from the Australian Annual National Accounts have revealed that the size of the economy has reached over AUS$1.8 trillion, a 2.8% increase in the 2017-18 financial year. The largest industries in the Australian economy in 2017-18 were financial and insurance services, mining, construction and...
Australian business conditions rebounded in August, according to the National Australia Bank’s (NAB) latest index, following declines in the previous two months. The NAB’s index of business conditions rose from July’s 12.6 to 15.2 in August as firms reported improved sales and profits, although confidence was...