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||2.47||1.47 %||Dec 14|
|Exchange Rate||0.72||0.05 %||Dec 14|
|Stock Market||5,679||0.08 %||Dec 14|
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December 12, 2018
The Westpac-Melbourne Institute consumer sentiment index inched up from 104.3 in November to 104.4 in December.
December 11, 2018
The business confidence index produced by National Australia Bank (NAB) declined to 3.2 points in November from October’s revised 4.5 points (previously reported: 4.2 points).
December 10, 2018
Nominal retail sales growth in October came in at 0.3% over the previous month in seasonally-adjusted terms, following September’s revised 0.1% expansion (previously reported: +0.2% month-on-month).
December 5, 2018
Australia’s economy slowed considerably in the third quarter, dragged down by a sharp slowdown in consumer spending, according to figures released by the Australian Bureau of Statistics (ABS) on 5 December.
December 4, 2018
At its 4 December monetary policy meeting, the Reserve Bank of Australia (RBA) again left the cash rate unchanged at the all-time low of 1.50% where it has been for over two years.