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Australia Construction Work Done Rises 2.2% In Q3
(RTTNews) - The value of construction work done in Australia was up a seasonally adjusted 2.2 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$54.787 billion.
That exceeded expectations for an increase of 1.5 percent following the 3.8 percent contraction in the three months prior.
On a yearly basis, construction work done rose 1.1 percent.
Building work was up 1.2 percent on quarter and down 1.7 percent on year, while residential work rose 1.3 percent on quarter and fell 5.2 percent on year, non-residential work added 1.1 percent on quarter and 3.9 percent on year and engineering work gained 3.4 percent on quarter and 4.9 percent on year.
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Australia Manufacturing Sector Ebbs In June - S&P Global
The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.
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Australia Inflation Eases In May
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
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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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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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