Australia Has A$14.149 Billion Current Account Deficit
(RTTNews) - Australia posted a seasonally adjusted current account deficit of A$14.149 billion in the third quarter of 2024, the Australian Bureau of Statistics said on Tuesday.
That missed forecasts for a shortfall of A$10.3 billion following the downwardly revised A$16.351 billion deficit in the three months prior (originally -A$10.7 billion).
The capital and financial account surplus was A$20.084 billion, an increase of A$2.658 million on the Q2 surplus.
The balance on goods and services in seasonally adjusted chain volume terms is expected to contribute 0.1 percentage points to the September quarter 2024 GDP quarterly movement. That missed expectations for 0.4 percent and was down from 0.2 percent in the previous quarter.
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Australia Jobless Rate Climbs To 4.0% In December
The unemployment rate in Australia came in at a seasonally adjusted 4.0 percent in December, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 3.9 percent in November.
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Australia Westpac Consumer Sentiment Weakens In January
Australia's consumer confidence weakened in January but things are expected to improve, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 0.7 percent to 92.1 in January from 92.8 in December. Among five sub-indices of consumer confidence, the two indicators tracking current conditions declined.
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3 days ago
Australia Retail Sales Climb 0.8% In November
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8 days ago
Australia November Trade Surplus A$7.079 Billion
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8 days ago
Australia Inflation Rises In November
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Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists' forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from 3.5 percent.
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9 days ago
Australia Building Permits Sink 3.6% In November
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10 days ago
Australia Services PMI Improves To 50.8 - S%P Global
The services sector in Australia continued to expand in December, and at a faster rate, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.8.
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RBA Minutes: Australia GDP Remains Softer Than Expected
Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's gross domestic product continues to be subdued and is softer than expected, minutes from the central bank's December 9-10 meeting revealed on Tuesday.
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24 days ago
