Australia Building Permits Climb 1.9% In March
(RTTNews) - The total number of building permits issued in Australia was up a seasonally adjusted 1.9 percent on month in March, the Australian Bureau of Statistics said on Thursday - coming in at 12,947.
That was in line with expectations following the 0.9 percent decline in February.
Private house approvals gained 3.8 percent to 8,891 - again matching forecasts following the 12.4 percent surge in the previous month.
Private sector dwellings excluding houses rose 3.6 percent to 3,936.
On a yearly basis, total approvals fell 2.2 percent.
The value of total building approved rose 15.9 percent, following a 16.8 percent February decrease.
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Australia Manufacturing PMI Inches Higher In July - Judo Bank
The manufacturing sector in Australia continued to contract in July, albeit at a slower rate, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 47.4.
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Australia Jobless Rate Rises Slightly In June
Australia's unemployment rate rose slightly despite a sharp increase in employment, data from the Australian Bureau of Statistics showed on Thursday.
The jobless rate rose slightly to a seasonally adjusted 4.1 percent in June, while it was expected to remain unchanged at 4.0 percent. Employment increased by 50,200 in June, much bigger than economists' forecast of 20,000.
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Australia Business Confidence Strengthens; Consumer Confidence Weakens
Australia's business confidence improved in June to the highest since early 2003 but consumer sentiment remained deeply pessimistic in July, private survey results showed on Tuesday. The business sentiment index advanced to +4 in June from -2 in May, monthly survey data from NAB showed today. The increase was led by the strength in manufacturing and wholesale.
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Australia Services PMI Slips To 51.2 In June - Judo Bank
The services sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from Jufo Bank revealed on Wednesday with a services PMI score of 51.2.
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RBA Minutes: Board Discussed Raising Cash Rate In June
The board of the Reserve Bank of Australia discussed the case for raising the cash rate at its June meeting citing slower-than-expected inflation but finally judged that the case to leave the rate unchanged was the stronger one, the minutes of the meeting showed Tuesday. At the June meeting, the bank had retained its benchmark rate at a 12-year high of 4.35 percent for a fifth straight meeting.
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Australia Manufacturing PMI Sinks To 47.2 In June - Judo Bank
The manufacturing sector in Australia continued to contract in June, and at a faster pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 47.2.
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Australia Private Sector Credit Gains 0.4% In May
Overall private sector credit in Australia was up 0.4 percent on month in May, the Reserve Bank of Australia said on Friday - in line with expectations and easing from 0.5 percent in April.
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Australia Inflation Exceeds Expectations In May
Australia inflation accelerated more than expected in May, suggesting the Reserve Bank will remain hawkish at the August meeting. Consumer price inflation rose to 4.0 percent in May from 3.6 percent in April, the Australian Bureau of Statistics reported Wednesday. Inflation was expected to rise to 3.8 percent.
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