Australia GDP Climbs 3.6% On Year In Q2
(RTTNews) - Australia's gross domestic product expanded 3.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.
That exceeded expectations for an increase of 3.5 percent and was up from 3.3 percent in the previous three months.
On a seasonally adjusted quarterly basis, GDP added 0.9 percent - shy of forecasts for an increase of 1.0 percent but still up from 0.8 percent in the three months prior.
Capex was up 0.2 percent on quarter, slowing from 0.7 percent in Q1, while the GDP deflator came in unchanged at 3.3 percent on quarter.
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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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Australia Budget To Slip Into Deficit In 2024-25
Australia's budget is forecast to slip into deficit in 2024-25 after recording back-to-back surpluses for the first time in almost two decades, Treasurer Jim Chalmers said Wednesday. In the latest Mid-Year Economic and Fiscal Outlook, the government projected a deficit of A$26.9 billion for 2024-25. However, this was A$1.3 billion smaller than projected in the budget.
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Australia Manufacturing PMI Slips To 48.2 In December - Judo Bank
The manufacturing sector in Australia continued to contract in December, and at a faster pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 48.2.
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