Australia Construction Work Climbs 1.6% In Q3
(RTTNews) - The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion.
That beat expectations for an increase of 0.4 percent and was up from 0.1 percent in the three months prior.
On a yearly basis, construction work was up 3.2 percent.
Individually, residential construction was up 1.8 percent on month and 0.1 percent on year at A$23.373 billion. Non-residential construction fell 1.0 percent on month but was up 1.7 percent on year at A$15.265 billion.
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Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank
The manufacturing sector in Australia continued to contract in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 49.4.
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RBA Vigilant To Upside Risks To Inflation, Minutes Show
The Reserve Bank of Australia remained vigilant to upside risks to inflation and the board affirmed that the policy would need to be sufficiently restrictive until inflation moves sustainably towards the target, the minutes of the policy board meeting held on November 4 and 5 showed Tuesday.
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Australia Jobless Rate Steady At 4.1% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.
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Australia Wage Price Index Climbs 0.8% In Q3
The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia NAB Business Confidence Strengthens; Conditions Remain Stable
Australia's business confidence strengthened notably in October on improvements across all industries except construction and retail, survey data from NAB showed on Tuesday. The business confidence index rose to +5 from -2 in September. At the same time, the business conditions index was unchanged at 7 in October. Trading conditions edged up one point to +13, while profitability was flat at 5.
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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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