Economic updates

Australia’s economic pulse: a mixed picture across the states

Australia’s state economies continue to move at different speeds. South Australia led growth in late 2025, supported by investment, labour market strength and housing momentum. WA also remains strong, with robust business investment, solid household spending, low unemployment and exceptional dwelling price gains. Queensland cooled after a strong Q3, though annual consumption and housing outcomes remain healthy. NSW and Victoria are improving more gradually, helped by firmer consumption and data-centre investment, although housing markets in Sydney and Melbourne continue to lag. Tasmania has improved modestly but weak consumption persists. The NT remains mixed, while the ACT’s recovery continues to rely heavily on public demand.1

Want the full picture? Explore the March report now.

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Latest research & insights

Our Global Economic & Markets Research team provides clients with regular, real-time research and insights enriched by CommBank internally generated data. Discover how changes in the economy across income, savings, expenditure and lending can impact your business.

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Agribusiness

Our dedicated agribusiness team can support you with agri-specific and sustainable finance solutions to support your business grow and build resilience.

A note from the GM

“Farmers are managing through a challenging period at the moment with higher input costs and ongoing uncertainty around key supplies putting pressure on profitability. We understand these conditions and have been proactively reaching out to customers to check in, listen and provide support where it’s needed.

Encouragingly, our newly released Farms in Focus Report, completed in collaboration with Harvard University, and shaped by insights from more than 500 producers, shows a sector that despite these challenges remains resilient and forward-looking. While conditions aren’t easy, the optimism across Australian agriculture is clear—and we share that confidence. We’re proud to stand alongside our customers and back them in the seasons ahead.”

Natasha Greenwood, General Manager, Agribusiness, CommBank

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Market update: Wheat

Australian grain markets are being shaped by seasonal conditions and the potential impact of fertiliser shortages. Dry weather in the US is forecast to result in the smallest wheat crop since 1972, supporting global markets. Locally, dry conditions across northern NSW and southern QLD have added further price support. Meanwhile, the risk of yield downgrades from fertiliser shortfalls remains in the background, with the impact set to become more acute if the Strait of Hormuz remains closed beyond June. 

Go deeper in the Agri Podcast with Dennis Voznesenski, Sustainability and Agriculture Economist, CommBank.

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CommBank Business Innovation – Backing Businesses Building Impact

CommBank Business Innovation brings together free training, research, real business stories and an awards program to support and recognise Australian businesses building impact.

Whether you’re improving the way you operate today or building something new, CommBank is here to back businesses creating impact through innovation.

Find out more about CommBank Business Innovation

CommBank's AI Summit

The CommBank Accelerate AI Summit brought together industry leaders, visionaries and change makers from across the nation to discuss the future of AI integration and how Australia can move from experimentation to scaled, responsible adoption and value realisation.

Explore event highlights, insights and key resources.

Explore CommBank Accelerate AI

New: Manufacturing Signals Report 2026

Australian manufacturers are navigating rising costs, supply chain disruption and longer cash flow cycles, while still planning for growth. Our new Manufacturing Signals Report explores the signals shaping the sector, from economic drivers and technology adoption to downstream demand trends from consumer spending data.

Discover the latest manufacturing insights and industry trends.

Read Manufacturing Signals Report (pdf)

Visit our manufacturing industry page

Inside the Farms in Focus Report 2026

Explore the key insights shaping Australian agriculture. From facing rising costs and extreme weather, read how farmers are adapting to drive productivity and what’s holding back progress.

Get access to the Farms in Focus Report

Watch: Business Resilience Webinar Series

Scams are evolving fast, from behavioural manipulation tactics to the growing use of AI by fraudsters. Watch the full session from our recent Business Resilience Webinar Series, hear practical insights on today’s scam landscape and the steps businesses can take to strengthen resilience, protect customers and reduce risk.

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Unlock great benefits for your business

With CommBank Yello for Business2, eligible business customers can access great value offers and benefits to help drive your business forward.

Stay connected

Follow CommBank Business & Institutional on LinkedIn for updates across the business landscape.

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Upgrade your Business Vehicle to EV this EOFY with CommBank

Time to upgrade? Upgrade your business car or fleet to an Electric Vehicle (EV) with our Green Vehicle Finance.  You may also qualify for up to 1% off the standard rate, helping you upgrade with 100% of the purchase price covered. Eligibility and T&Cs apply.

Learn more about Green Vehicle and Equipment Finance

Are you ready for Payday Super?

Changes to how you pay employee super are coming. These changes may impact how your business manages payroll and cash flow.

If you pay employee super, you'll need to pay it at the same time as salary and wages, from 1 July 2026.

Learn more about what’s changing and how we can help you prepare.

More about Payday Super

Need financial hardship support for your business?

All businesses may experience financial difficulty at some time. We’re here to help.

Financial support for business

Things you should know

  • The information presented on this webpage includes references to various reports. Please access the full report to view all relevant disclosures.

    1 CommBank – State & Territory Quarterly Perspective – March 2026

    2 CommBank Yello for Business is available to business customers who meet certain eligibility criteria. Exclusions apply, and both the exclusion and eligibility criteria are subject to change. CommBank may review eligibility and participation based on factors it considers relevant and may update its criteria from time to time. For information on eligibility visit CommBank Yello for Business Terms and Conditions

    This page contains links that will bring you to a third party website, owned and operated by an independent party (“3rd Party Website”). Any link you make to or from the 3rd Party Website will be at your own risk. Any use of the 3rd Party Website will be subject to and any information you provide will be governed by the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security. CBA does not endorse or approve and makes no warranties, representations or undertakings relating to the content of the 3rd Party Website. CBA disclaims liability for any loss, damage and any other consequence resulting directly or indirectly from or relating to your access to the 3rd Party Website or any information that you may provide or any transaction conducted on or via the 3rd Party Website or the failure of any information, goods or services posted or offered at the 3rd Party Website or any error, omission or misrepresentation on the 3rd Party Website or any computer virus arising from or system failure associated with the 3rd Party Website.

    This information is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. You should consider seeking independent financial advice before making any decision based on this information.

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