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Australia Company Profits Jump 7.4% In Q4
(RTTNews) - Company operating profits in Australia were up a seasonally adjusted 7.4 percent in quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Monday.
That beat forecasts for an increase of 1.8 percent following the 1.3 percent decline in the three months prior. Profits were down 5.4 percent on year,
Wages and salaries were up 0.9 percent on quarter and 8.0 percent on year, while inventories fell 1.7 percent after adding 1.2 percent in the previous quarter. Inventories fell 0.6 percent on year.
Manufacturing sales were up 0.6 percent on quarter and 1.5 percent on year, while wholesale sales fell 0.2 percent on quarter and 2.3 percent on year.
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Australia Inflation Accelerates To 1-Year High
Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
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Australia Manufacturing PMI Improves To 52.9 - S&P Global
The manufacturing sector in Australia continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.
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Australia Consumer Sentiment At 3 1/2 Year High: Westpac
Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
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Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook
The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
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Australia June Trade Surplus A$5.365 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.365 billion in June, the Australian Bureau of Statistics said on Thursday.
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Australia Building Approvals Jump 11.9% In June
The total number of building approvals issued in Australia in June was up a seasonally adjusted 11.9 percent on month, the Australian Bureau of Statistics said on Thursday - coming in at 17,076.
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Australia Services Sector Accelerates In July
The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
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Australia Export Prices Sink 4.5% In Q2
Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in the second quarter of 2025, the Australian Bureau of Statistics said on Thursday.
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