Tag "australia"


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Australian Financial Stability Review

Australian Financial Stability Review

🕔October 14, 2016

The Australian dollar enjoyed an upbeat performance earlier today against a basket of other major currencies after the Reserve Bank of Australia (RBA) released its most recent Financial Stability Review. The list of challenges being faced by the Australian economy includes an unsteady banking sector in Europe, the excess capacity in China and the risks to domestic property development and resource related sectors, the Reserve Bank of Australia stated in its biannual Financial Stability Review.…

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Australian Inflation Expectations Rise in October

Australian Inflation Expectations Rise in October

🕔October 13, 2016

An increase was recorded in the Australian inflation expectations for the month of October, this is the first rise in 3 months and it indicates that the central bank policies are finally finding its way into the rate of price growth.…

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Australian Home Loans Investor Lending on the Rise

Australian Home Loans Investor Lending on the Rise

🕔October 11, 2016

The Australian housing market dampened in the month of August, with the fall in home loans and the much slower rise in residential lending. Data from the statistics bureau showed on Tuesday that there was a slump in home loans for the second straight month in August and the third in 4 months.…

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Australia Business Confidence Unchanged in September

Australia Business Confidence Unchanged in September

🕔October 10, 2016

News Event

From Trading Economics: Business Confidence in Australia remained unchanged at 6 in September from 6 in August of 2016. Business Confidence in Australia averaged 5.73 from 1997 until 2016, reaching an all-time high of 20 in April of 2002 and a record low of -30 in October of 2008.…

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Australia Retail Sales Increase

Australia Retail Sales Increase

🕔October 5, 2016

News Event

From Trading Economics: Retail sales in Australia rose 0.4 percent month-on-month in August of 2016, compared to a flat reading in July and beating market estimates of a 0.2 percent rise. It was the highest growth since January, mainly driven by a rebound in sales at department stores (+3.5 percent from -5.8 percent in a month earlier).…

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Melbourne Institute Consumer Inflation Posts 0.4% Increase

Melbourne Institute Consumer Inflation Posts 0.4% Increase

🕔October 3, 2016

The TD Securities-Melbourne Institute consumer inflation, a private measure of Australian inflation has posted growth for the second consecutive month in September, the growth signifies that the expansionary monetary policy might be causing prices to rise. The measure of inflation grew by 0.4% in September and was 1.3% higher than it was 1 year ago.…

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RBA Minutes: Rates Remain Unchanged

RBA Minutes: Rates Remain Unchanged

🕔September 20, 2016

Officials of the Reserve Bank of Australia (RBA) have decided against employing further easing bias at their meeting this month, a strong hint that interest rates will maintain their current value further into the future.

“Taking into account the recent data, and having eased monetary policy at its May and August meetings, the Board judged that the current stance of monetary policy was consistent with sustainable growth in the Australian economy and achieving the inflation target over time,” the minutes of the September 6 policy meeting showed Tuesday.…

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Australia Jobless Rate Falls to 3-Year Low in August

Australia Jobless Rate Falls to 3-Year Low in August

🕔September 15, 2016

News Event

From Trading Economics: Australia’s seasonally adjusted unemployment rate unexpectedly fell to 5.6 percent in August of 2016 from 5.7 percent in July and below market consensus of 5.7 percent. It was the lowest jobless rate since July 2013 as the economy lost 3,900 jobs and the number of unemployed decreased by 10,500.…

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Australian Trade Deficit Maintains Weakness

Australian Trade Deficit Maintains Weakness

🕔September 8, 2016

The Australian trade balance maintained it’s stance in negative territory for the for 28 straight months, as imports remained unchanged while exports rose. The Australian trade deficit for the month of July was fixed at 2.41 billion AUD, lower than the previous month’s reading of 3.1 billion AUD, this was stated in a report by the Australian Bureau of Statistics on Thursday.…

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Sign of Weakness in the Australian Economy

Sign of Weakness in the Australian Economy
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🕔September 7, 2016

News Event

From Trading Economics: The Australian economy expanded 0.5 percent in the June quarter of 2016, slowing from a downwardly revised 1.0 percent growth in the previous quarter and slightly below market consensus of a 0.6 percent growth. It was the weakest expansion since the second quarter 2015, weighing down by net trade while investment was flat and final consumption remained steady.…

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