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Australia Building Capital Expenditure Falls 2.5% On Quarter In Q2
(RTTNews) - Building capex in Australia was down a seasonally adjusted 2.5 percent on quarter in the second quarter of 2022, the Australian Bureau of Statistics said on Thursday - coming in at A$17.220 billion.
That follows the 0.6 percent decline in the previous three months.
Capex for equipment and machinery was up 2.1 percent on quarter at A$16.687 billion, while overall capex eased 0.3 percent on quarter to A$33.907 billion.
On a yearly basis, building capex rose 1.0 percent, equipment capex climbed 3.2 percent and overall capex gained 2.0 percent.
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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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Pred 4 dňami
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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Pred 5 dňami
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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Pred 12 dňami
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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Pred 21 dňami
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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Pred 33 dňami
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.
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Pred 38 dňami
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
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Pred 40 dňami
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.
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Pred 47 dňami
