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• Some economists cited by Reuters expected the total decline could reach around 10%.
• Inflation, interest-rate expectations, borrower risk andSupplyandDemandcan influence bond yields.
The August data showed that price increases remained broad across several household expenditure categories. Housing costs rose5.7% over the year, while transport prices increased5.6%. The result also reflected a sharp monthly rise in automotive fuel prices.
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Private sector house approvals moved in the opposite direction, rising3.7%to10,885 dwellingsin August after falling 1.9% in July. This marked the eighth consecutive month in which more than 10,000 private sector houses were approved across Australia. Compared with August 2025, private sector house approvals were18.4% …
The August result reflected offsetting movements across spending categories. Recreation and culture recorded the largest monthly decline, falling1.4%after a period of higher spending associated with major sporting events. Spending also decreased across clothing and footwear, recreational goods, food, health and furniture.
Superannuation assets provided the main contribution to the increase, rising5.2%over the three-month period. According to the ABS, the increase reflected gains across global and domestic equity markets following comparatively lower share-price levels at the beginning of the Middle East conflict in March.
The latest decline followed a2.2% fallin the previous three-month period. Over the year, job vacancies were1.3% lower.
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The Australian Taxation Office said the results continue to reflect high levels of voluntary compliance among large businesses. The small year-on-year reduction in tax paid was mainly linked to lower profitability in theMiningsector following weakerCommodityprices.
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