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||1.30||1.47 %||Jun 20|
|Exchange Rate||0.69||0.05 %||Jun 20|
|Stock Market||6,768||0.08 %||Jun 20|
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June 13, 2019
Seasonally-adjusted employment increased by 42,300 in May from the previous month, following the revised 43,100 jobs added in March (previously reported: +28,400 jobs) and more than doubling analysts’ expectations of a gain of 17,500.
Australia: Consumer sentiment dips on weak national accounts but remains in optimistic territory in June
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The Westpac-Melbourne Institute consumer sentiment index dipped to 100.7 in June from 101.3 in May.
June 11, 2019
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June 4, 2019
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