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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.7 | 2.0 | 1.2 | 3.8 | 2.4 |
Australia Industry Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.37 | 1.47 % | Dec 31 |
| Exchange Rate | 0.70 | 0.05 % | Dec 31 |
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Economic News
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Australia: RBA stands pat in December
December 7, 2021
At its monetary policy meeting on 7 December, the Reserve Bank of Australia (RBA) decided keep the cash rate unchanged at the all-time low of 0.10%, and stated it will continue purchasing government bonds at the rate of AUD 4 billion a week until at least mid-February next year, in order to maintain accommodative financing conditions. The decision was underpinned by moderate inflationary pressures, as well as the ongoing economic recovery amid a fast vaccine rollout.
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Australia: Economic growth slows less than expected in the third quarter
December 3, 2021
Economic activity dropped 1.9% on a seasonally-adjusted quarter-on-quarter basis in Q3, contrasting the previous quarter's 0.7% expansion.
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Australia: Retail sales growth jumps in October
December 2, 2021
Retail sales climbed 4.9% in month-on-month seasonally-adjusted terms in October, which followed September's 1.3% increase and benefited from easing Covid-19 restrictions.
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Australia: Lockdowns weigh on Australia’s labor market in October
November 11, 2021
Seasonally-adjusted employment fell by 46,300 in October, following 141,100 jobs shred in September.
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Australia: Business confidence jumps in October
November 11, 2021
The business confidence index produced by National Australia Bank (NAB) improved to 20.8 points in October from 9.6 points in September.
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