Australia Manufacturing Sector Falls Into Contraction - Judo Bank
(RTTNews) - The manufacturing sector in Australia slipped into contraction territory in March, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI core of 49.1.
That's down from 50.5 in February, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.
Softer underlying demand conditions and high inflation led in the sharpest fall in incoming new orders since August 2021 at the end of the first quarter. Likewise for foreign sales, a weaker global demand environment resulted in lower international orders in March.
The fall in new exports was the sharpest in over a year. In turn, the level of manufacturing production declined at the fastest pace since January 2022.
read more
Australia Private Sector Credit Rises 0.5% In January
Total credit in Australia was up 0.5 percent on month and 6.5 percent on year in January, the Reserve Bank of Australia said on Friday.
RTTNews
|
4天前
Australia Capex Slips 0.2% In Q4
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.
RTTNews
|
5天前
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.
RTTNews
|
5天前
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.
RTTNews
|
6天前
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.
RTTNews
|
12天前
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.
RTTNews
|
13天前
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.
RTTNews
|
13天前
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.
RTTNews
|
20天前
