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Australia Retail Sales Slump 0.4% In March
(RTTNews) - The total 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.
That missed forecasts for an increase of 0.2 percent following the 0.3 percent gain in February.
Individually, sales for household goods, clothing, department store, other retailing and cafes all were down in March, while food retailing was up.
On a yearly basis, retail sales rose 0.8 percent.
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The manufacturing sector in Australia slipped into contraction in October, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.7.
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Australia Unemployment Rate Climbs To 4.5% In September
The jobless rate is Australia came in at a seasonally adjusted 4.5 percent in September, the Australian Bureau of Statistics said on Thursday.
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Australia's household spending grew at a slower pace in August and the trade surplus declined sharply as exports of gold decreased dramatically, official data showed on Thursday. Household spending rose only 0.1 percent from July, when consumption grew 0.4 percent, the Australian Bureau of Statistics said. This was the weakest expansion in four months.
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Reserve Bank Of Australia Keeps Rate Steady
The Reserve Bank of Australia retained its interest rate after a quarter-point cut last month, as policymakers became cautious over rising inflation. As widely expected, the board governed by Michele Bullock decided to hold the cash rate at 3.60 percent on Tuesday. Previously, the bank had reduced the rate by 25 basis points each in August, May and February.
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Australia Private Sector Credit +0.6% On Month In August - RBA
Private sector credit in Australia was up 0.6 percent on month in August, the Reserve Bank of Australia said on Tuesday - in line with expectations and easing from 0.7 percent in July.
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Australia Building Consents Slump In August
The total number of building permits issued in Australia was down a seasonally adjusted 6.0 percent on month in June, the Australian Bureau of Statistics said on Tuesday - coming in at 14,744.
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