Australia Inflation Adds 0.2% On Quarter In Q3
(RTTNews) - 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.
That was shy of expectations for an increase of 0.3 percent and down from 1.0 percent in the previous three months.
On an annualized basis, inflation climbed 2.8 percent - exceeding forecasts for 2.3 percent and down from 3.8 percent in the second quarter.
The trimmed mean was up 0.8 percent on quarter and 3.5 percent on year, while the weighted mean was up 0.9 percent on quarter and 3.8 percent on year.
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Australia Jobless Rate Climbs To 4.0% In December
The unemployment rate in Australia came in at a seasonally adjusted 4.0 percent in December, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 3.9 percent in November.
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Australia Westpac Consumer Sentiment Weakens In January
Australia's consumer confidence weakened in January but things are expected to improve, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 0.7 percent to 92.1 in January from 92.8 in December. Among five sub-indices of consumer confidence, the two indicators tracking current conditions declined.
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Australia Retail Sales Climb 0.8% In November
The value of retail sales in Australia was up a seasonally adjusted 0.8 percent on month in November, the Australian Bureau of Statistics said on Thursday - coming in at A$37.052 billion.
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Australia November Trade Surplus A$7.079 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$7.079 billion November, the Australian Bureau of Statistics said on Thursday.
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Australia Inflation Rises In November
Australia's consumer price inflation accelerated in November largely due to the timing of electricity rebate, the Australian Bureau of Statistics said on Wednesday.
Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists' forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from 3.5 percent.
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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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