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 Inflation Steady At 2.5%
Australia's consumer price inflation unexpectedly remained unchanged in January supporting the case for further monetary policy easing. The consumer price index registered a steady growth of 2.5 percent in January, data from the Australian Bureau of Statistics showed on Wednesday. Prices were expected to climb 2.6 percent.
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Australia Construction Work Climbs 0.5% In Q4
The value of total construction work done in Australia was up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.936 billion.
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Australia Jobless Rate Ticks Up To 4.1% In January
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in January, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 4.0 percent in December.
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Australia Wage Price Index Adds 0.7% In Q4
Australia's wage price index was up 0.7 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia Cuts Key Interest Rate For First Time Since 2020
The Reserve Bank of Australia lowered its benchmark rate for the first time since 2020 as upside risks to inflation eased but policymakers remained cautious about further easing. The policy board of the RBA governed by Michele Bullock decided to reduce the cash rate target by 25 basis points to 4.10 percent. The decision came in line with expectations.
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Australia NAB Business Conditions Fall; Confidence Improves
Australia's business conditions declined in January, while confidence improved with broad-based increases across industries, survey data from NAB showed on Tuesday. The business conditions index declined to 3 from 6 in December. Meanwhile, the business confidence index advanced to 4 from -2 in the previous month.
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Australia Building Consents Rise 0.7% In December
The total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 15,174.
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Australia Has A$5.085 Billion Trade Surplus
Australia posted a seasonally adjusted merchandise trade surplus of A$5.085 billion in December, the Australian Bureau of Statistics said on Thursday.
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