News Articles for Australian Bureau of Statistics

Australian company profits rose four per cent in the September quarter despite the nation being in the thick of a series of COVID-19 restrictions, which saw half the population in lockdown.

Retail spending rose 4.9 per cent in October as COVID-19 restrictions eased across the country however WA only reported a 0.2 per cent increase in sales.

Wages lifted 0.8 per cent in the three months to September in Western Australia, slightly more than the national increase.

Wages growth in Australia has returned to its pre-coronavirus pandemic level, but it is still way short of what the Reserve Bank wants to see.

Australian inflation grew by 0.8 per cent in the September quarter, largely driven by the rising cost of new homes and fuel.

Western Australia is in better economic shape than any other state as it navigates the challenges of the pandemic.

Payroll jobs dropped further by mid-September as coronavirus lockdowns continued to bite, and now stand below their pre-pandemic level.

Job advertisements in Western Australia were up 1 per cent in August, while vacancies on the east coast fell sharply.

Growth in Western Australia's domestic economy was the second lowest nationally in the June quarter, but state final demand was still 12 per cent larger than June quarter 2020.

Australia's gold production in the past six months has exceeded China's figures, according to a Melbourne consultancy.

Retail turnover has taken its largest dive for the year, falling 2.7 per cent in July.

Western Australia's unemployment rate has fallen to 4.6 per cent, the lowest since December 2013.

Analysis: Prices are growing faster in Perth than any other capital city. But should we be concerned?

New figures show the negative impact a series of virus lockdowns have had on both retailing and the construction industry in recent months.

Western Australia's labour market has continued to go from strength to strength as another month of labour force data rolls in.

Treasurer Josh Frydenberg concedes the economy faces a downturn in the September quarter, but is confident it won't extend into the December quarter.

The Australian Bureau of Statistics is set to release its preliminary retail spending for June, which will take into account Victoria's previous lockdown.

A rise in the number of men seeking work has led to a rise in the state's unemployment rate by almost 0.5 percentage points in June.

House building approvals dropped by more than 10 per cent in May, retreating from the record high posted a month earlier.

Investors have made their biggest push in the housing market in almost six years, helping lift new home loans in a record month.

Exports from WA hit a fresh record in May, with $22.7 billion of merchandise shipped, while job vacancies are substantially up.

The Reserve Bank appears to be sticking to its interest rate view for now, as new figures show a record trade surplus and continuing strong demand for workers.

Unemployment has fallen to the lowest level since 2013 in Western Australia, with employment of women well above pre-COVID levels.

The Reserve Bank of Australia board believes the economy is transitioning from recovery to expansion with more momentum than previously anticipated.

Western Australia continues to lead the nation in its economic recovery, according to the latest quarterly national accounts data from the ABS.

New lending for housing in Western Australia has dropped 7.9 per cent after applications under the state's Building Bonus Grant closed, while national lending has risen to a record high.

At least 56,000 people have been left out of work since the JobKeeper wage subsidy scheme ended in March.

A nationwide run of six consecutive months of employment growth was halted in April 2021, with the number of people employed falling by 30,600 as JobKeeper came to an end.

New figures suggest next week's crucial economic growth figures will get a major boost from business investment and finalise a complete recovery from last year's recession.

Iron ore shipments to China struck another record high in April, helping to lift overall Australian exports to a historic peak of $36 billion.

Unemployment fell slightly to 4.9 per cent in Western Australia, despite 15,000 people losing jobs in April.

Annual wage growth was 1.5 per cent as of March, at least half the rate the Reserve Bank needs to see to return inflation to normality.

Supply chain issues have been a feature of the COVID-19 global economy and have been disrupting business activity for some time, constraining business potential and operations.

Job advertising as measured by the monthly SEEK employment report has grown by a record amount for a second consecutive month.

Employment rose in mid-April, but the ABS says it remains inconclusive what impact the end of the JobKeeper wage subsidy has had on the labour market.

The value of Australian homes has topped $8 trillion; more than the gross domestic product of almost every country on Earth.

The Reserve Bank has upgraded its economic forecast while reiterating that the cash rate will remain at a record low 0.1 per cent until 2024.

Perth consumer prices rose 1.4 per cent in the March quarter as electricity bill relief was used up by households and petrol prices jumped.

Retail spending across Australia jumped 1.4 per cent in March, stronger than the 1 per cent increase expected by economists.

Treasurer Josh Frydenberg is confident Australia has bounced back from the coronavirus recession, but concedes there could still be some "choppy" jobs figures ahead.