Reklāma
Australia Home Loans Ease 1.0% In June
(RTTNews) - The total value of home loans in Australia was down a seasonally adjusted 1.0 percent on month and 18.2 percent on year in June, the Australian Bureau of Statistics said on Tuesday - standing at A$24.60 billion.
Owner-occupied home loans were down 2.8 percent on month and 19.9 percent on year at A$15.91 billion, while investment lending rose 2.6 percent on month and shed 15.0 percent on year at A$8.69 billion.
Loans for business construction dropped 12.3 percent on month and gained 3.7 percent on year at A$2,33 billion, while the purchase of business property sank 11.4 percent on month and 15.4 percent on year to A$5.23 billion.
read more
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.
RTTNews
|
15h 9min ago
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.
RTTNews
|
7 days ago
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.
RTTNews
|
15 days ago
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.
RTTNews
|
27 days ago
Australia Employment Rebounds In Q1
Australia's employment rebounded in the first quarter and the jobless rate rose only slightly, suggesting that the labor market remained resilient, data from the Australian Bureau of Statistics showed Thursday. The unemployment rate rose to 4.1 percent from downwardly revised 4.0 percent in the December quarter. The rate was expected to advance to 4.2 percent.
RTTNews
|
33 days ago
RBA Minutes Say May Meeting Is "Opportune" Time To Revisit Policy Setting
Policymakers of the Reserve Bank of Australia said it is important to remain alert to the evolving balance of risks and concluded that the May meeting would be an opportune time to revisit the monetary policy setting, the minutes of the April meeting showed on Tuesday. Members judged that it was not appropriate at this stage for monetary policy to react to the potential risks that could move out
RTTNews
|
35 days ago
Australia Westpac Consumer Sentiment At 6-Month Low
Australia consumer sentiment deteriorated to a six-month low in April on escalating tariff war, survey data from Westpac showed Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index fell to 90.1 in April from 95.9 in March. The 'family finances vs a year ago' sub-index registered a sharp 8.5 percent fall to 70.2 in April.
RTTNews
|
42 days ago
Australia Westpac Consumer Sentiment At 6-Month Low
Australia consumer sentiment deteriorated to a six-month low in April on escalating tariff war, survey data from Westpac showed Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index fell to 90.1 in April from 95.9 in March. The 'family finances vs a year ago' sub-index registered a sharp 8.5 percent fall to 70.2 in April.
RTTNews
|
42 days ago
