Australia Capital Spending Climbs 2.2% In Q4
(RTTNews) - Private new capital expenditure was up a seasonally adjusted 2.2 percent on quarter in the fourth quarter of 2022, the Australian Bureau of Statistics said on Thursday - coming in at A$35.016 billion.
That beat expectations for an increase of 1.3 percent following the 0.6 percent contraction in the previous three months.
Capex for buildings and structures rose 3.6 percent on quarter to A$18.536 billion, while capex for equipment, plants and machinery added 0.6 percent to A$16.480 billion.
On a yearly basis, building capex gained 3.8 percent and equipment capex rose 3.4 percent, and total capex was up 3.6 percent.
read more
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
|
1 day ago
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
|
2 days ago
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
|
3 days ago
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
|
10 days ago
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.
RTTNews
|
11 days ago
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.
RTTNews
|
15 days ago
Australia Services PMI Improves To 51.2 - S&P Global
The services sector in Australia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 51.2.
RTTNews
|
17 days ago
Australia Retail Sales Ease 0.1% In December
The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at A$36.991 billion.
RTTNews
|
18 days ago
