Forward View Australia Economic Report November 2025

This document is an economic report detailing the current state and forecasts for the Australian economy as of November 2025. It presents findings from the NAB Business Survey, indicating that the economy has maintained momentum with a low unemployment rate of 4.3% and stronger-than-expected inflation. The report outlines expectations for a soft landing for the economy, with slight adjustments to growth and unemployment forecasts for 2026. It discusses household consumption trends, noting a rise in spending driven by food and health, while also highlighting the volatility in monthly data. The labour market section indicates that the unemployment rate is expected to stabilize around 4.4%. Business conditions are reported as strengthening, with increased profitability and trading conditions. The report also covers foreign exchange expectations, housing market trends, and inflation forecasts, indicating that inflation is likely to remain above the RBA's target for the next few quarters. Overall, the report provides a comprehensive analysis of various economic indicators and forecasts.