Industry in Australia
Australia - Industry
Industrial production accelerates in August
In August, industrial production expanded a seasonally adjusted 0.9% over the previous month, which came in above the 0.7% expansion observed in July. The acceleration reflected an improvement in manufacturing output as well as in electricity, gas, steam and air conditioning supply. Compared to the same month last year, industrial output quickened from a working-day adjusted 3.0% increase in July to a 3.5% expansion in August, which represents the fastest pace in one year. Despite the faster monthly increase, the trend continues to point downwards, with annual average growth in industrial production falling from 2.2% July to 2.1% in August the slowest pace since September 2010.
Australia - Industry Data
|Industrial Production (annual variation in %)||1.0||3.7||0.8||1.5||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Australia Industry Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||2.58||1.47 %||Aug 15|
|Exchange Rate||0.72||0.05 %||Aug 15|
|Stock Market||6,416||0.08 %||Aug 15|
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August 16, 2018
The Westpac-Melbourne Institute Index of Consumer Sentiment declined from an over four-and-a-half-year high of 106.1 in July to 103.6 in August.
August 16, 2018
Seasonally-adjusted employment decreased by 3,900 in July compared to the previous month, following the revised 58,200 jobs created in June (previously reported: +50,900 jobs) and undershooting analysts’ expectations for a gain of 15,000.
August 7, 2018
At its 7 August monetary policy meeting, the Reserve Bank of Australia (RBA) left the cash rate unchanged at its all-time low of 1.50%, where it has been since August 2016.
August 3, 2018
Nominal retail sales growth in June came in at 0.4% over the previous month in seasonally-adjusted terms, matching May’s reading and coming in above market expectations of a more moderate 0.3% rise.
July 25, 2018
In the second quarter of 2018, consumer prices rose 0.4% over the previous quarter, according to the Australian Bureau of Statistics (ABS).