Victorian floods


Retail sales set to pick up in 2011

2:17PM | Friday, 18 February 2011 |  Economists have predicted an upturn in consumer spending despite a key indicator of retail sales recording its 13th consecutive monthly fall in January.

Floods cut business revenue by 5.1%

2:00PM | Tuesday, 8 February 2011 |  New figures reveal the economic effects of the floods could reduce the nations GDP growth by 1.5% in the March quarter, with business revenue falling by 5.1% in January.

THE NEWS WRAP: The major banks are expected to unveil profit growth this week

2:09AM | Monday, 7 February 2011 |  The major banks are expected to unveil profit growth this week, despite six months of falling lending to small businesses.

Services sector struggles in wake of floods

2:40PM | Thursday, 3 February 2011 |  Floods, rising interest rates and the high Australian dollar saw the services sector slow down even further in January, falling 0.9 points to 45.5 points as households continue to save.

Victoria hit by floods as Qld begins recovery effort

1:14PM | Monday, 17 January 2011 |  The Victorian floods are expected to cost the state economy millions of dollars, with more than 3,000 Victorians forced to flee their homes as floodwaters continue to rise.