BUSINESS

Wheat crop cops sharp downgrade amid tough spring.

With growth having slowed in Q2 2019, there appears limited prospect of a turnaround in Q3 – given the relative weakness in business surveys, market expectations and the deteriorating global trade environment.

Business conditions rose 1pt in September to +2 index points. This continues the below average run of business conditions but suggests that the trend weakening since mid-2018 has slowed.

Online retail rebounds after two weak months with the largest spend category Homewares and Appliances being a key contributor, although sales growth for this category has been relatively weak over the past year.

The Australian economy grew by 1.4% over the year to the June 2019, its weakest growth since 2009.

One hundred years of dreams. Meet the Melbourne real estate family who’ve been selling South Yarra since 1919.

Seasonal conditions and declining winter crop forecasts reflect drop in NAB Rural Commodities Index.

RBA to cut in October and again in December, taking the cash rate to 0.5% by year’s end.

Global economic growth slowed further in Q2 2019. Major advanced economy (AE) GDP growth declined to its slowest pace since mid-2016.