Australia Construction Work Done Rises 2.2% In Q3
(RTTNews) - The value of construction work done in Australia was up a seasonally adjusted 2.2 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$54.787 billion.
That exceeded expectations for an increase of 1.5 percent following the 3.8 percent contraction in the three months prior.
On a yearly basis, construction work done rose 1.1 percent.
Building work was up 1.2 percent on quarter and down 1.7 percent on year, while residential work rose 1.3 percent on quarter and fell 5.2 percent on year, non-residential work added 1.1 percent on quarter and 3.9 percent on year and engineering work gained 3.4 percent on quarter and 4.9 percent on year.
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Australia Retail Sales Rise Less Than Expected
Australia's retail sales grew less than expected in April as consumers reduced their discretionary spending, flash data from the Australian Bureau of Statistics showed on Tuesday. Retail turnover edged up 0.1 percent on a monthly basis, reversing a 0.4 percent fall in March. But the pace of growth was weaker than economists' forecast of 0.3 percent increase.
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6 h 37 min atrás
Australia Manufacturing PMI Unchanged In May - Judo Bank
The manufacturing sector in Australia continued to contract in May, and at a steady pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 49.6.
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5 dias atrás
RBA Minutes: Inflation Slowing Less Than Expected
Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was slowing and that inflation was declining less than expected, minutes from the central bank's May 7 meeting revealed on Tuesday.
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7 dias atrás
Australia Building Permits Climb 1.9% In March
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.
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19 dias atrás
Australia Holds Key Rate At 12-Year High
The Reserve Bank of Australia left its benchmark interest rates unchanged at a 12-year high for a fourth straight meeting, as widely expected, on Tuesday. The policy board of the RBA, led by Governor Michele Bullock, decided to maintain the cash rate target at 4.35 percent. The board also retained the interest rate paid on Exchange Settlement balances at 4.25 percent.
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21 dias atrás
Australia Retail Sales Slump 0.4% In March
The value of retail sales in Australia was down a seasonally adjusted 0.4 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.663 billion.
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21 dias atrás
Australia Services PMI Slips To 53.6 In April - Judo Bank
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6.
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25 dias atrás
Australia Manufacturing PMI Improves To 49.6 In April - Judo
The manufacturing sector in Australia continued to contract in April, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 49.6.
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27 dias atrás
