From www.aicd.com.au: Australia’s economy has shown signs of improvement with consumer sentiment rising due to a recent rate cut by the RBA and easing cost-of-living pressures, while business confidence has declined despite slight improvements in business conditions.

The latest labour data indicates an increase in job vacancies and a rise in multiple job holders, reflecting tight labour market conditions following the pandemic.

Additionally, the government’s inability to secure exemptions from new US tariffs on steel and aluminium highlights challenges in Australia’s trade relations and economic leverage.