Australia Company Gross Operating Profits Sink 2.5% In Q1
(RTTNews) - Company gross operating profits in Australia were down a seasonally adjusted 2.5 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Tuesday.
That missed forecasts for a decline of 0.9 percent following the downwardly revised 7.1 percent increase in the previous three months (originally 7.4 percent).
On a yearly basis, profits slumped 8.6 percent.
Manufacturing sales were down 1.0 percent on quarter and 2.5 percent on year, while wholesale trade slipped 0.9 percent on quarter and 6.1 percent on year.
Inventories were up 1.3 percent on quarter and down 0.6 percent on year, while wages and salaries added 0.6 percent on quarter and 6.6 percent on year.
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Australia Building Approvals Rise 4.4% In September
The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842.
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Australia Has A$4.609 Billion Trade Surplus
Australia posted a merchandise trade surplus of A$4.609 billion in September, the Australian Bureau of Statistics said on Friday.
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Australia Holds Interest Rate At 13-Year High
Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
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Australia Services Sector Accelerates In October - Judo Bank
The services sector in Australia continued to expand in October, and at a faster rate, the latest survey from Judo Bank revealed on Tuesday with a PMI score of 51.0.
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Australia Producer Prices Climb 0.9% In Q3
Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Friday.
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Australia Manufacturing PMI Improves To 47.3 - Judo Bank
The manufacturing sector in Australia continued to contract in October, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 47.3.
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Australia Inflation Adds 0.2% On Quarter In Q3
Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia Manufacturing PMI Sinks To 46.6 In October - Judo Bank
The manufacturing sector in Australia continued to contract in October, and at a slightly faster pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 46.6.
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