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Australia Capex Slips 0.2% In Q4
(RTTNews) - The total value of new capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Thursday - coming in at A$43.961 billion.
That missed forecasts for an increase of 0.6 percent following the 1.1 percent gain in the previous three months. On a yearly basis, capex was up 0.6 percent.
Capex for buildings and structures was up 0.2 percent on quarter and down 1.0 percent on year at A$23.281 billion.
Capex for equipment, plants and machinery dipped 0.8 percent on quarter but gained 2.4 percent on year at A$20.680 billion.
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Australia Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
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vor 1 Tagen
Australia Retail Sales Rise 0.2% In February
The value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$37.129 billion.
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Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.1.
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Australia Private Sector Credit +0.5% In February
Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday - steady from the January reading.
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Australia Inflation Eases Slightly In February
Australia consumer price inflation softened unexpectedly in February, raising hopes of another interest rate cut in coming months. The monthly consumer price index rose 2.4 percent year-on-year in February, after holding steady at 2.5 percent in the previous two months, the Australian Bureau of Statistics reported Wednesday.
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vor 7 Tagen
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6.
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vor 9 Tagen
Australia Unemployment Rate Steady At 4.1%
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in February, the Australian Bureau of Statistics said on Thursday - in line with expectations and unchanged from the January reading.
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vor 13 Tagen
RBA's Hunter Says Monetary Policy Is Always Data Dependent
The monetary policy is always data dependent and the link between the central bank's forecast and policy decision is not mechanical, Reserve Bank of Australia Assistant Governor Sarah Hunter said Tuesday. There are always risks and uncertainties around the central forecast and the baseline pathway is just one of a vast number of possible outcomes, she said in Sydney.
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vor 15 Tagen
