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 %)||1.7||2.0||1.2||3.8||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Australia Industry Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||1.37||1.47 %||Dec 31|
|Exchange Rate||0.70||0.05 %||Dec 31|
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May 19, 2022
Seasonally-adjusted employment increased by 3,970 in April, following 20,300 jobs added in March.
May 6, 2022
At its monetary policy meeting on 3 May, the Reserve Bank of Australia (RBA) hiked the cash rate from an all-time low of 0.10% to 0.35%, and hinted at further tightening ahead. The Bank raised rates based on the economy’s resilience to global supply bottlenecks, the headwinds posed by the fallout of the war in Ukraine and mounting inflationary pressures, which are being made worse by domestic capacity constraints.
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April 21, 2022
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April 19, 2022
Seasonally-adjusted employment increased by 17,900 in March, following 77,400 jobs added in February.