Australia’s Services Activity Improves, Costs Ease, S&P Says

Australia’s Services Activity Improves, Costs Ease, S&P Says

Australia’s services sector activity accelerated in June and cost inflation softened, sending business confidence to its highest level in more than three years, according to S&P Global.

Australia’s economy is showing resilience. Here’s what CommBank expects in 2026

The latest report of Commonwealth Bank has presented a cautiously optimistic outlook for next year despite persistent global headwinds. The CommBank View expects Australia’s economy to remain resilient, buoyed by falling interest rates, stabilising inflation, and a rebound in household spending, amid the continued trade tensions and geopolitical uncertainty. CommBank economists describe the current global environment as a departure from the stab…

Business spending grows in 2024, while smart controls keep costs stable

Business spending on travel and expenses in Australia and New Zealand rose 14% in 2024, while smart controls kept costs stable despite increased activity.