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 | 2.70 | 1.47 % | Oct 22 |
| Exchange Rate | 0.71 | 0.05 % | Oct 22 |
| Stock Market | 6,006 | 0.08 % | Oct 22 |
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Economic News
Australia: Labor market adds some new jobs in September
October 18, 2018
Seasonally-adjusted employment increased by 5,600 in September compared to the previous month, following the revised 44,600 jobs added in August (previously reported: +44,000 jobs) and undershooting analysts’ expectations for a gain of 15,000.
Australia: Consumer sentiment ticks up in October
October 10, 2018
The Westpac-Melbourne Institute consumer sentiment index rose from 100.5 in September to 101.5 in October.
Australia: Business confidence rebounds in September
October 9, 2018
The business confidence index produced by National Australia Bank (NAB) rose to 6.2 points in September from 5.2 points in August.
Australia: Retail sales growth accelerates in August
October 5, 2018
Nominal retail sales growth in August came in at 0.3% over the previous month in seasonally-adjusted terms, following July’s flat reading.
Australia: RBA holds the policy rate stable in October
October 2, 2018
At its 2 October monetary policy meeting, the Reserve Bank of Australia (RBA) left the cash rate unchanged at the all-time low of 1.50% where it has been for over two years.
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