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 %) | 1.0 | 3.7 | 0.8 | 1.5 | 1.1 |
Australia Industry Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.10 | 1.47 % | Feb 20 |
| Exchange Rate | 0.72 | 0.05 % | Feb 20 |
| Stock Market | 6,176 | 0.08 % | Feb 20 |
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Economic News
Australia: Labor market starts new year on a strong note
February 21, 2019
Seasonally-adjusted employment increased by 39,100 in January from the previous month, following the revised 16,900 jobs added in December (previously reported: +21,600 jobs) and easily overshooting analysts’ expectations of a gain of 15,000.
Australia: Consumer sentiment rebounds in February
February 13, 2019
The Westpac-Melbourne Institute consumer sentiment index rose from 99.6 in January to 103.8 in February.
Australia: Business confidence gains ground at the start of the year
February 13, 2019
The business confidence index produced by National Australia Bank (NAB) rose to 3.6 points in January from a revised almost three-year low of 2.7 points in December (previously reported: 2.8 points).
Australia: Weak Christmas shopping prompts the sharpest contraction in retail sales in a year
February 5, 2019
Nominal retail sales in December contracted 0.4% over the previous month in seasonally-adjusted terms, following November’s revised 0.5% expansion (previously reported: +0.4% month-on-month).
Australia: RBA stands pat in February
February 5, 2019
At its 5 February monetary policy meeting, the Reserve Bank of Australia (RBA) left the cash rate unchanged at an all-time low of 1.50%, where it has been for over two years.
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