From www.aigroup.com.au: Industry output in Australia experienced a modest 1.3% annual growth in the December quarter, largely driven by non-market sectors, while market sectors like manufacturing and professional services faced challenges, indicating a weakened economic condition.

Wage growth slowed to 3.2%, influenced by a minimum wage hike, and absenteeism peaked during winter due to personal illness and injury.

Recovery in household discretionary spending, alongside a narrowing gender pay gap, highlighted improvements in consumer confidence and wage equity, although business investment slowed significantly in various sectors.