Australia Has A$14.149 Billion Current Account Deficit
(RTTNews) - Australia posted a seasonally adjusted current account deficit of A$14.149 billion in the third quarter of 2024, the Australian Bureau of Statistics said on Tuesday.
That missed forecasts for a shortfall of A$10.3 billion following the downwardly revised A$16.351 billion deficit in the three months prior (originally -A$10.7 billion).
The capital and financial account surplus was A$20.084 billion, an increase of A$2.658 million on the Q2 surplus.
The balance on goods and services in seasonally adjusted chain volume terms is expected to contribute 0.1 percentage points to the September quarter 2024 GDP quarterly movement. That missed expectations for 0.4 percent and was down from 0.2 percent in the previous quarter.
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Australia Building Permits Sink 3.6% In November
The total number of building permits issued in Australia was down a seasonally adjusted 3.6 percent on month in November, the Australian Bureau of Statistics said on Tuesday - coming in at 14,998.
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Australia Services PMI Improves To 50.8 - S%P Global
The services sector in Australia continued to expand in December, and at a faster rate, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.8.
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RBA Minutes: Australia GDP Remains Softer Than Expected
Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's gross domestic product continues to be subdued and is softer than expected, minutes from the central bank's December 9-10 meeting revealed on Tuesday.
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Australia Budget To Slip Into Deficit In 2024-25
Australia's budget is forecast to slip into deficit in 2024-25 after recording back-to-back surpluses for the first time in almost two decades, Treasurer Jim Chalmers said Wednesday. In the latest Mid-Year Economic and Fiscal Outlook, the government projected a deficit of A$26.9 billion for 2024-25. However, this was A$1.3 billion smaller than projected in the budget.
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Australia Manufacturing PMI Slips To 48.2 In December - Judo Bank
The manufacturing sector in Australia continued to contract in December, and at a faster pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 48.2.
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Australia Jobless Rate Falls To 3.9% In November
The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in November, the Australian Bureau of Statistics said on Thursday.
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Australia Central Bank Keeps Rate Unchanged As Expected
Australia central bank left its key interest rate unchanged for the ninth straight session on Tuesday but today's statement lifted hopes of an early interest rate cut. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to retain the cash rate target at a 13-year high of 4.35 percent. The decision matched expectations.
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Australia October Trade Surplus A$5.953 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.953 billion in October, the Australian Bureau of Statistics said on Thursday.
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