Australia Manufacturing Sector Expands In January - S&P Global

RTTNews | Pred 150 dňami
Australia Manufacturing Sector Expands In January - S&P Global

(RTTNews) - The manufacturing sector in Australia moved back up into expansion territory in January, the latest survey from S&P Global revealed on Monday with a PMI score of 50.2.

That's up from 47.8 in December and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturing production returned to growth at the start of 2025, with firms working through existing orders. The rate of output growth was marginal but nevertheless marked the first rise in production since November 2022.

Meanwhile the rate of new order contraction eased in January, decelerating to the softest in nearly two years. While weak underlying demand and reduced client spending negatively affected new orders, some firms reported signs of market improvement. Export orders continued to fall at a solid rate, however, dampened by subdued business conditions overseas and trade uncertainties.

read more
Australia Inflation Eases In May

Australia Inflation Eases In May

Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
RTTNews | Pred 7 dňami
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | Pred 22 dňami
Australia GDP Adds 0.2% On Quarter In Q1

Australia GDP Adds 0.2% On Quarter In Q1

Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.
RTTNews | Pred 29 dňami
Australia Services PMI Ebbs In May - S&P Global

Australia Services PMI Ebbs In May - S&P Global

The services sector in Australia continued to expand in May, albeit it at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 50.6.
RTTNews | Pred 29 dňami
Australia Cuts Key Interest Rate For Second Time This Year

Australia Cuts Key Interest Rate For Second Time This Year

Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.
RTTNews | Pred 43 dňami