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Australia Capital Spending Rises 0.6% In Q3
(RTTNews) - Total new capital expenditure in Australia was up a seasonally adjusted 0.6 percent on quarter in the third quarter of 2023, the Australian Bureau of Statistics said on Thursday - coming in at A$39.907 billion.
That missed expectations for an increase of 1.0 percent following the 2.8 percent expansion in the previous three months.
On a yearly basis, capex rose 10.7 percent.
Capex for buildings and structures added 0.7 percent on quarter and 13.7 percent on year at A$21.514 billion.
Capex for equipment, plant and machinery gained 0.5 percent on quarter and 7.4 percent on year at A$18.393 billion.
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Australia NAB Business Conditions Ease; Confidence Improves
Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
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Před 4 dny
Australia GDP Adds 0.2% On Quarter In Q1
Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.
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Před 10 dny
Australia Services PMI Ebbs In May - S&P Global
The services sector in Australia continued to expand in May, albeit it at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 50.6.
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Před 10 dny
Australia Manufacturing PMI Slows In May - S&P Global
The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.0.
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Před 12 dny
Australia Manufacturing PMI Steady At 51.7 In May - S&P Global
The manufacturing sector in Australia continued to expand in May, and at a steady pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.7.
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Před 23 dny
Australia Cuts Key Interest Rate For Second Time This Year
Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.
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Před 25 dny
Australia NAB Business Confidence Rises, Conditions Fall
Australia business confidence improved in April, while conditions deteriorated due to weaker profitability, survey results from NAB showed on Tuesday. The business confidence index rose to -1 in April from -3 in March but remained negative. Confidence by industry was mixed, with a significant increase in confidence in manufacturing and smaller increases in wholesale, construction, and finance.
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Před 32 dny
Australia Services PMI Slips In April - S&P Global
The services sector in Australia continued to expand in April, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 51.0.
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Před 40 dny
