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Australia GDP Adds 0.2% In Q3
(RTTNews) - Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the third quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
That was shy of expectations for an increase of 0.3 percent and was down from 0.4 percent in the previous three months.
On an annualized basis, GDP climbed 2.1 percent - unchanged from the second quarter and beating forecasts for a gain of 1.7 percent.
Capital expenditure was up 1.1 percent on quarter, slowing from 2.4 percent in the three months prior. Chain prices rose 0.6 percent on quarter and final consumption rose 0.4 percent.
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Australia NAB Business Confidence Rises, Conditions Fall
Australia business confidence improved in April, while conditions deteriorated due to weaker profitability, survey results from NAB showed on Tuesday. The business confidence index rose to -1 in April from -3 in March but remained negative. Confidence by industry was mixed, with a significant increase in confidence in manufacturing and smaller increases in wholesale, construction, and finance.
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Australia Services PMI Slips In April - S&P Global
The services sector in Australia continued to expand in April, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 51.0.
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Australia Manufacturing PMI Drops To 51.7 In April - S&P Global
The manufacturing sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 51.7.
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Australia Employment Rebounds In Q1
Australia's employment rebounded in the first quarter and the jobless rate rose only slightly, suggesting that the labor market remained resilient, data from the Australian Bureau of Statistics showed Thursday. The unemployment rate rose to 4.1 percent from downwardly revised 4.0 percent in the December quarter. The rate was expected to advance to 4.2 percent.
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RBA Minutes Say May Meeting Is "Opportune" Time To Revisit Policy Setting
Policymakers of the Reserve Bank of Australia said it is important to remain alert to the evolving balance of risks and concluded that the May meeting would be an opportune time to revisit the monetary policy setting, the minutes of the April meeting showed on Tuesday. Members judged that it was not appropriate at this stage for monetary policy to react to the potential risks that could move out
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Australia Westpac Consumer Sentiment At 6-Month Low
Australia consumer sentiment deteriorated to a six-month low in April on escalating tariff war, survey data from Westpac showed Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index fell to 90.1 in April from 95.9 in March. The 'family finances vs a year ago' sub-index registered a sharp 8.5 percent fall to 70.2 in April.
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Australia Westpac Consumer Sentiment At 6-Month Low
Australia consumer sentiment deteriorated to a six-month low in April on escalating tariff war, survey data from Westpac showed Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index fell to 90.1 in April from 95.9 in March. The 'family finances vs a year ago' sub-index registered a sharp 8.5 percent fall to 70.2 in April.
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Australia Services Sector Picks Up Steam In March - S&P Global
The services sector in Australia continued to expand in March, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a services PMI score of 51.6.
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