Australia Services PMI Improves To 50.8 - S%P Global

RTTNews | 37 days ago
Australia Services PMI Improves To 50.8 - S%P Global

(RTTNews) - 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.

That's up from 50.5 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Optimism improved, rising to the highest level in just over two-and-a-half years. That said, employment fell for the first time since August 2021 as capacity pressure softened. Finally, input cost inflation intensified at the end of 2024, leading to a more pronounced rise in average charges.

The rate of input cost inflation was also the highest in three months and fractionally below the series average. Likewise output charges rose at a faster pace that was just below the long-run average as Australian service providers opted to share additional cost burdens with clients wherever possible.

read more
Australia NAB Business Conditions Fall; Confidence Improves

Australia NAB Business Conditions Fall; Confidence Improves

Australia's business conditions declined in January, while confidence improved with broad-based increases across industries, survey data from NAB showed on Tuesday. The business conditions index declined to 3 from 6 in December. Meanwhile, the business confidence index advanced to 4 from -2 in the previous month.
RTTNews | 1 day ago
Australia Building Consents Rise 0.7% In December

Australia Building Consents Rise 0.7% In December

The total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 15,174.
RTTNews | 2 days ago
Australia Has A$5.085 Billion Trade Surplus

Australia Has A$5.085 Billion Trade Surplus

Australia posted a seasonally adjusted merchandise trade surplus of A$5.085 billion in December, the Australian Bureau of Statistics said on Thursday.
RTTNews | 6 days ago
Australia Retail Sales Ease 0.1% In December

Australia Retail Sales Ease 0.1% In December

The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at A$36.991 billion.
RTTNews | 9 days ago
Australia Building Approvals Add 0.7% In December

Australia Building Approvals Add 0.7% In December

The total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 15,174.
RTTNews | 9 days ago
Australia Private Sector Credit Adds 0.6% In December

Australia Private Sector Credit Adds 0.6% In December

Private sector credit in Australia was up a seasonally adjusted 0.6 percent on month in December, the Reserve Bank of Australia said on Friday - unchanged from the previous month and exceeding expectations for 0.5 percent.
RTTNews | 12 days ago