Australia Company Profits Rise 0.5% In Q1

RTTNews | 706 дней спустя
Australia Company Profits Rise 0.5% In Q1

(RTTNews) - Company gross operating profits in Australia were up 0.5 percent on quarter I the first quarter of 2023, the Australian Bureau of Statistics said on Monday.

That was shy of expectations for an increase of 1.5 percent following the upwardly revised 12.7 percent jump in the previous three months (originally 10.6 percent).

Business inventories were up 1.2 percent on quarter, exceeding expectations for a gain of 0.5 percent following the upwardly revised 0.3 percent gain in the three months prior (originally -0.2 percent).

Company profits pre-tax tumbled 7.5 percent on quarter after surging 22.2 percent in the previous quarter.

Тэгов: AUD
read more
Australia Services PMI Slips In April - S&P Global

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 | 6 дней спустя
Australia Employment Rebounds In Q1

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 | 24 дней спустя
RBA Minutes Say May Meeting Is

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 | 26 дней спустя
Australia Westpac Consumer Sentiment At 6-Month Low

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 | 33 дней спустя
Australia Westpac Consumer Sentiment At 6-Month Low

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 | 33 дней спустя
Australia Keeps Key Rate Unchanged As Expected

Australia Keeps Key Rate Unchanged As Expected

The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
RTTNews | 40 дней спустя