Advertisement
Australia Inflation Spikes 7.3% On Year In Q3
(RTTNews) - Consumer prices in Australia surged 7.3 percent on year in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - exceeding expectations for an increase of 7.0 percent and accelerating from 6.1 percent in the previous three months.
On a seasonally adjusted quarterly basis, inflation climbed 1.8 percent - unchanged from the second quarter but above estimates for 1.6 percent.
The Reserve Bank of Australia's trimmed mean was up 1.8 percent on quarter and 6.1 percent on year after rising 1.5 percent on quarter and 4.9 percent on year in the three months prior.
The RBA's weighted median was steady at 1.4 percent on quarter and up 5.0 percent on year after gaining an annual 4.2 percent in Q2.
read more
Australia Services Sector Picks Up Steam In March - S&P Global
The services sector in Australia continued to expand in March, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a services PMI score of 51.6.
RTTNews
|
1 day ago
Australia Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
RTTNews
|
2 days ago
Australia Retail Sales Rise 0.2% In February
The value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$37.129 billion.
RTTNews
|
2 days ago
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.1.
RTTNews
|
3 days ago
Australia Private Sector Credit +0.5% In February
Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday - steady from the January reading.
RTTNews
|
3 days ago
Australia Inflation Eases Slightly In February
Australia consumer price inflation softened unexpectedly in February, raising hopes of another interest rate cut in coming months. The monthly consumer price index rose 2.4 percent year-on-year in February, after holding steady at 2.5 percent in the previous two months, the Australian Bureau of Statistics reported Wednesday.
RTTNews
|
8 days ago
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6.
RTTNews
|
11 days ago
Australia Unemployment Rate Steady At 4.1%
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in February, the Australian Bureau of Statistics said on Thursday - in line with expectations and unchanged from the January reading.
RTTNews
|
14 days ago
