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The Latest Breaking News from ABS

Australian economy holds firm in June quarter driven by export boom

National accounts figures show GDP expanded by 3.6% compared with a year earlier as households drew down on savings to keep spending

The Guardian - AU

Economists predict slowdown for Australian economy as interest rates continue to rise

Soaring commodity exports and positive agricultural forecast expected to be balanced by Reserve Bank’s moves to counter inflation

The Guardian - AU

Australian electric car owners insulated from rising global fuel prices

The benefits of owning an electric vehicle far outweigh the drawbacks for those households committed to making the transition to a fossil-free life

The Guardian - AU

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Mortgage holders brace for rates decision

All eyes will be on the Reserve Bank of Australia's official cash rate announcement on Tuesday as new data sheds light on the state of the economy.

AAP

Covid pandemic may be causing more deaths than Australia’s daily numbers suggest

More than 80% of the country’s Covid deaths occurred in 2022, likely in part due to success of early control measures but questions remain

The Guardian - AU

Look where Australia’s ‘1 million empty homes’ are and why they're vacant – they're not a simple solution to housing need

The recent release of 2021 Census data revealed a shocking “one million homes were unoccupied”.

The Conversation

2022 has been a deadly year for Australians — and not just from COVID

ABS data shows death from COVID spiked earlier this year — but so did deaths from other conditions, making for a pretty tragic eight months.

Crikey

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An idea for the jobs summit: axing the 'business investment' visa would save Australia $119 billion over three decades

This article is part of The Conversation’s series looking at Labor’s jobs summit. Read the other articles in the series here.

The Conversation

Data to show strength of economy

A full calendar of data is expected to shed some light on the state of the economy as interest rates rise and the cost of living surges.

AAP

Nearly a quarter of women have experienced emotional abuse by partner

Analysis from the Australian Bureau of Statistics finds nearly a quarter of women have experienced emotional abuse by a partner.

ABC News

'You don't have to be able to name it to be a victim'

The rate of partner violence was over eight times higher than for those who had not experienced emotional abuse, according to the ABS.

The Canberra Times

Sally McManus says labour's share of GDP is the lowest it's been since 1960. Is that correct?

ACTU secretary Sally McManus says worker's share of wealth is the lowest it's ever been, pointing to the labour's share of income statistics as evidence. RMIT ABC Fact Check investigates.

ABC News

Where do the RBA and economists now stand on wages growth?

Decision makers are torn between wanting to lift wages for fairness and consumption, and wanting to keep wages down to control inflation.

The New Daily

RBA to discuss climate change risk

The week will feature a major economic conference in the US, while domestically attention will focus on consumer confidence and interest rates.

Crikey

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The Guardian - AU

Australia’s jobless rate is only 3.4% – so what’s holding wage growth back?

That the tight labour market isn’t leading to real earnings rises is proof of a ‘deep structural weakness’, says one economist

Pedestrian.tv

New ABS Data Has Shown Just How Fkd Wages Are Compared To Inflation So Let’s Dive Right In

Wages compared to inflation are very bad according to new data and in the past year our ability to buy things fell the most on record.

The New Daily

Overseas travel bounces back as Aussies shrug off COVID-19 groundings

New data shows Aussies are coming down with a serious case of travel fever, with international departures inching closer to pre-pandemic levels.

Crikey

Monthly CPI could be volatile, ABS warns

The Australian Bureau of Statistics has released a paper on its plan to produce a monthly inflation measure that will give more insights into price inflation.

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Crikey

Profit season ramps up, all eyes on wages

The Bureau of Statistics will report key wages data this week showing how much pay packets have grown over the past financial year, as profit season ramps up.

Crikey

Household spending jumps again in June

The Australian Bureau of Statistics says household spending rose 10.2 per cent in June – the 16th consecutive month of increases.

The New Daily

What if we had to sanction China?

China has become an aggressive, revisionist power, nourished by arrogance built from the economic strength that comes from decades of growth.

ABC News

From French lessons to food delivery, record numbers of young people are finding side hustles to make ends meet

As rents and prices get hiked, record numbers of young people are having to find side hustles to make ends meet. Here's what some are doing.

AAP

Trade surplus hits record $17.7b in June

Strong shipments of coal, iron ore and grain have helped Australia's trade surplus reach a record $17.7 billion in June.

ABC News

Borrowers to feel the heat as RBA raises rates again, but new customers get cheaper deals

As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.

AAP

Owner-occupiers make loan switch: ABS

Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.

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