Australia Company Gross Operating Profits Tumble 12.4% In Q3
(RTTNews) - Gross operating profits for Australian companies plunged a seasonally adjusted 12.4 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Monday.
That was well shy of expectations for a gain of 0.3 percent following the upwardly revised 7.8 percent increase in the three months prior (originally 7.6 percent).
Business inventories added 1.7 percent on quarter, up from 0.3 percent in the second quarter, while wages and salaries picked up 2.9 percent on quarter.
On a yearly basis, profits gained 8.5 percent, inventories rose 7.9 percent and wages jumped 11.0 percent.
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Australia Services PMI Slips To 53.6 In April - Judo Bank
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6.
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Australia Manufacturing PMI Improves To 49.6 In April - Judo
The manufacturing sector in Australia continued to contract in April, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 49.6.
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Australia Private Sector Credit Adds 0.3% In March
Private sector credit in Australia was up 0.3 percent on month in March, the Reserve Bank of Australia said on Tuesday - missing forecasts for 0.4 percent and down from 0.5 percent in February.
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Australia Retail Sales Slump 0.4% In March
The total 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.
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Australia Consumer Prices Jump 1.0% In Q1
Consumer prices in Australia were up a seasonally adjusted 1.0 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia Business Conditions Edges Down, Confidence Rises - NAB
Australia's business conditions edged down one point in March, while confidence gained a point and cost pressures softened further, survey results from NAB showed on Tuesday.
The business conditions index fell to 9 in March from 10 in the previous month. Meanwhile, the business confidence indicator rose to 1 from zero in February.
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Australia February Trade Surplus A$7.280 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$7.280 billion in February, the Australian Bureau of Statistics said on Friday.
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Australia Retail Sales Rise 0.3% In February
The total value of retail sales in Australia was up a seasonally adjusted 0.3 percent on month in February, the Australian Bureau of Statistics said on Friday - coming in at A$35.869 billion.
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