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Australia GDP Adds 0.2% On Quarter In Q1
(RTTNews) - 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.
That missed expectations for an increase of 0.4 percent and was down from 0.6 percent in the three months prior.
On an annualized basis, GDP was up 1.3 percent - again shy of forecasts for an expansion of 1.5 percent and steady from the previous quarter.
GDP capex was up 0.1 percent on quarter, slowing from 0.7 percent in the previous three months, while final consumption also slowed, to 0.2 percent on quarter from 0.5 percent.
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Australia Export Prices Sink 4.5% In Q2
Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in the second quarter of 2025, the Australian Bureau of Statistics said on Thursday.
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Australia Retail Sales Rise 1.2% In June
Retail sales in Australia were up a seasonally adjusted 1.2 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$37.906 billion.
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Australia Building Approvals Jump 11.9% In June
The total number of building approvals issued in Australia was up a seasonally adjusted 11.9 percent on month in June, the Australian Bureau of Statistics said on Thursday - standing at 17,076.
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Australia Manufacturing PMI Climbs To 51.6 - S&P Global
The manufacturing sector in Australia continued to expand in July, a preliminary survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.6.
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RBA Board Says Another Rate Cut Inconsistent With Cautious Stance, Minutes Show
Reserve Bank of Australia's policymakers said cutting the interest rate for a third straight time within the gap of four meetings would be inconsistent with the cautious monetary policy stance, the minutes of the July monetary policy meeting showed Tuesday. Majority of members said that it would be prudent to wait for confirmation that inflation would sustainably return to target as forecast.
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Australia Unemployment Rate Climbs To 4.3% In June
The jobless rate in Australia came in at a seasonally adjusted 4.3 percent in June, the Australian Bureau of Statistics said on Thursday.
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Australia Building Permits Climb 3.2% On Month In May
The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
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Australia Central Bank Unexpectedly Maintains Status Quo
The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
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