Current Economic Regime
Rate-sensitive slowdown
Growth below trend. Disinflation continuing. Labour market cooling. RBA on hold.
Updated: 17 May 2025
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Inflation↓
2.4% ↓
(q/q)
Employment↓
3.8% ↓
(Unemp. rate)
Housing↓
-1.7% ↓
(Prices q/q)
Consumer Demand↑
0.6% ↑
(Retail sales q/q)
RBA–
4.35% –
(Cash rate)
AUD↓
0.66 ↓
(USD)
Productivity↓
-0.3% ↓
(q/q)
Business↑
51.2 ↑
(conditions)
Real GDP Growth (YoY)
Inflation (YoY)
Australia Overview
What Changed This Week
- ↓ Employment growth softened in April
- ↑ Retail sales rose 0.6% in March
- ↓ Trimmed mean inflation eased to 2.8%
Investor Implications
Growth remains soft and rate sensitive. Duration assets supported if disinflation continues. Watch labour market and China demand.
View analysis →Business Implications
Cost pressures easing but demand uneven. Focus on productivity, pricing power and balance sheet resilience.
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