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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.9 | 4.5 | 1.6 | 2.0 | 1.0 |
Australia Industry Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.93 | 1.47 % | Sep 04 |
| Exchange Rate | 0.68 | 0.05 % | Sep 04 |
| Stock Market | 6,656 | 0.08 % | Sep 04 |
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Economic News
Australia: Despite sustained job creation, unemployment rate hits one-year high in August
September 19, 2019
Seasonally-adjusted employment rose by 34,700 in August, following a revised 36,400 job addition in July (previously reported: +41,100).
Australia: Consumer sentiment moves back into negative territory in September
September 11, 2019
The Westpac-Melbourne Institute consumer sentiment index dropped from 100.0 points in August to 98.2 points in September.
Australia: Businesses confidence drops in August; business conditions at close to five-year low
September 11, 2019
The business confidence index produced by National Australia Bank (NAB) dropped to plus 1.4 points in August from July’s 3.8 points.
Australia: Annual growth nears 10-year low in Q2; quarterly growth remains stable
September 4, 2019
According to figures released by Australia’s Statistical Institute (ABS) on 4 September, GDP expanded 0.5% quarter-on-quarter in seasonally-adjusted terms in Q2, following a revised increase of the same magnitude in the first quarter (previously reported: +0.4% quarter-on-quarter).
Australia: Weak start to Q3 for Australian consumers
September 3, 2019
Nominal retail sales in July contracted 0.1% over the previous month in seasonally-adjusted terms, swinging from June’s healthy 0.4% increase.
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