Australia Retail Sales Slump 0.4% In March
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 0.4 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.663 billion.
That missed forecasts for a decline of 0.2 percent following the 0.2 percent increase in February.
Individually, sales were down for household goods, clothing, department stores, other sales and cafes, while food sales were up.
For the first quarter of 2024, retail sales volume sank 0.4 percent on quarter after rising 0.4 percent in the three months prior.
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Australia Jobless Rate Falls To 4.0%
Australia's unemployment rate dropped in May and employment increased notably, suggesting that the labour market is relatively tight, official data revealed on Thursday. The jobless rate fell to 4.0 percent in May, as expected, from 4.1 percent in April, the Australian Bureau of Statistics said. The number of people out of work decreased by 9,200 in May, reversing an increase of 33,000 in April
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Australia Business Sentiment Turns Negative In May: NAB
Australia business confidence turned negative in May underscoring that the economic activity continued to remain subdued into the second quarter, survey results from NAB showed on Tuesday. The business confidence index dropped to -3 in May from +2 in April.
At -6, the forward orders index remained deep in the negative zone.
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Australia GDP Adds 0.1% In Q1
Australia's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia Company Gross Operating Profits Sink 2.5% In Q1
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Australia Has A$4.896 Billion Current Account Shortfall
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