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||2.70||1.47 %||Oct 22|
|Exchange Rate||0.71||0.05 %||Oct 22|
|Stock Market||6,006||0.08 %||Oct 22|
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October 18, 2018
Seasonally-adjusted employment increased by 5,600 in September compared to the previous month, following the revised 44,600 jobs added in August (previously reported: +44,000 jobs) and undershooting analysts’ expectations for a gain of 15,000.
October 10, 2018
The Westpac-Melbourne Institute consumer sentiment index rose from 100.5 in September to 101.5 in October.
October 9, 2018
The business confidence index produced by National Australia Bank (NAB) rose to 6.2 points in September from 5.2 points in August.
October 5, 2018
Nominal retail sales growth in August came in at 0.3% over the previous month in seasonally-adjusted terms, following July’s flat reading.
October 2, 2018
At its 2 October monetary policy meeting, the Reserve Bank of Australia (RBA) left the cash rate unchanged at the all-time low of 1.50% where it has been for over two years.