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Australia Capital Spending Slips 0.6% In Q3
(RTTNews) - Capital expenditure in Australia was down a seasonally adjusted 0.6 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Thursday - coming in at A$33.878 billion.
That missed forecasts for an increase of 1.5 percent following the 0.3 percent decline in the previous three months.
On a yearly basis, overall capex rose 1.7 percent.
Capex for buildings and structures rose 0.5 percent on quarter and 1.4 percent on year to A$17.571 billion, while spending on equipment, plants and machinery sank 1.6 percent on quarter but gained 2.2 percent on year to A$16.308 billion.
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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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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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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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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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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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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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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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Australia Manufacturing PMI Drops To 51.7 In April - S&P Global
The manufacturing sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 51.7.
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