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Australia Owner-Occupied Home Loans Jump 5.6% In October
(RTTNews) - The value of owner-occupied home loans in Australia was up a seasonally adjusted 5.6 percent on month in October, the Australian Bureau of Statistics said on Monday - coming in at A$17.23 billion.
That beat expectations for an increase of 0.8 percent following the 0.1 percent decline in September.
On a yearly basis, loans were up 1.4 percent.
Investment lending climbed 5.0 percent on month and 12.1 percent on year to A$9.52 billion.
Construction loans were up 1.2 percent on month and down 0.7 percent on year at A$2.35 billion, while loans for the purchase of property sank 4.7 percent on month and climbed 4.9 percent on year to A$5.77 billion.
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Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook
The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
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3 days ago
Australia June Trade Surplus A$5.365 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.365 billion in June, the Australian Bureau of Statistics said on Thursday.
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8 days ago
Australia Building Approvals Jump 11.9% In June
The total number of building approvals issued in Australia in June was up a seasonally adjusted 11.9 percent on month, the Australian Bureau of Statistics said on Thursday - coming in at 17,076.
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8 days ago
Australia Services Sector Accelerates In July
The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
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10 days ago
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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15 days ago
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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15 days ago
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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15 days ago
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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22 days ago
