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👤Arthur Greene
🕔December 7, 2016
Australia’s gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
The third-quarter GDP which fell 0.5 percent q/q, registering the first biggest decline since global financial crises, from up 0.6 percent q/q in the previous quarter.…
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👤Arthur Greene
🕔December 2, 2016
Australian retail sales beat expectations for a third consecutive month in October, an encouraging sign for the economy heading into Christmas.
The retail sales rose at a seasonally adjusted 0.5% to $25.616 billion, following a gain of 0.6% in September that was the fastest in over a year, the national statistics bureau reported Friday.…
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👤Xinyang
🕔December 2, 2016
News Event
From Trading Economics: Retail sales in Australia rose 0.5 percent month-on-month in October of 2016, compared to a 0.6 percent gain in September. It was the third straight month of gain and above market estimates of a 0.3 percent rise, driven by sales in food retailing (+0.6 percent from +0.2 percent in the prior month), other retailing (+0.8 percent from -0.1 percent), household goods retailing (+0.7 percent from 2.3 percent), retailing (+0.6 percent from +0.2 percent), and cafes, restaurants and takeaway food service (+0.4 percent from 1.0 percent ).…
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👤Xinyang
🕔November 17, 2016
News Event
From Trading Economics: Australia’s seasonally adjusted unemployment rate stood at 5.6 percent in October of 2016, the same as in September and in line with market expectations. The jobless rate stayed at the lowest level since September 2013, as the labor force participation was unchanged while the number of unemployed decreased by 2,000.…
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👤Xinyang
🕔November 8, 2016
News Event
From Trading Economics: The Westpac-Melbourne Institute Consumer Sentiment Index for Australia dropped 1.1 percent to 101.3 in November of 2016, compared to a 1.1 percent increase in the previous month. Consumer Confidence in Australia averaged 101.69 from 1974 until 2016, reaching an all time high of 127.67 in January of 2005 and a record low of 64.61 in November of 1990.…
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👤Xinyang
🕔November 4, 2016
News Event
From Trading Economics: Retail sales in Australia rose 0.6 percent month-on-month in September of 2016, compared to an upwardly revised 0.5 percent gain in August and beating market estimates of a 0.4 percent rise. It was the highest growth since October 2015, mainly driven by sales in household goods retailing (+2.3 percent) and cafes, restaurants and takeaway food service (+1.0 percent).…
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👤Lisa Harris
🕔November 2, 2016
Overnight data indicated that Australia’s seasonally adjusted building approvals declined by 8.7% on a monthly basis in September, higher than market expectations for a fall of 3.0% and following a drop of 1.8% in the prior month. It was the second straight month of decrease and the fastest drop since November 2015.…
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👤Arthur Greene
🕔November 1, 2016
The Reserve Bank of Australia (RBA) left interest rates unchanged at 1.5% at its November monetary policy meeting, a decision that was widely expected by financial markets and the vast majority of economists.
“The Bank’s forecasts for output growth and inflation are little changed from those of three months ago.…
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👤Arthur Greene
🕔October 26, 2016
Australia’s consumer price index (CPI) improved in the third quarter, just as so the annual inflation also improved after the central bank eased monetary policy over the summer. Consumer prices rose 0.7% in the third quarter, following a 0.4% increase in April-June, the Reserve Bank of Australia (RBA) said in its quarterly inflation report on Wednesday.…
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👤Xinyang
🕔October 18, 2016
News Event
From Trading Economics: Total vehicle sales in Australia rose 2.5 percent month-on-month in September of 2016, following a downwardly revised flat growth in August and reaching an all time high of 100,640 units. Sales increased for all categories: sport utility vehicles (+3.5 percent), passenger vehicles (+2.1 percent) and other vehicles (+1.5 percent).…
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