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: Unemployment rate at eight-month low in December
January 21, 2021
Seasonally-adjusted employment soared by 50,000 in November, following 90,000 jobs gain in November.
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Australia: Consumer sentiment dips in January
January 21, 2021
The Westpac-Melbourne Institute consumer sentiment index dropped to 107.0 in January from 112.0 in December—which had marked the highest reading since October 2010.
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Australia: Retail sales jump in November
January 11, 2021
Nominal retail sales in November soared 7.1% over the previous month in seasonally-adjusted terms, following October’s 1.4% increase. Particularly pronounced increases were recorded in household goods retailing, clothing, footwear and personal accessory retailing, department stores, cafes, restaurants and takeaway food services and other retailing. In annual terms, retail sales jumped 12.1% in November, following October’s 7.7% expansion.
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Australia: Unemployment rate drops in November
December 17, 2020
Seasonally-adjusted employment soared by 90,000 in November, following revised 180,400 jobs gain in October (previously reported: +178,800).
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Australia: Business confidence at highest level in close to three years in November
December 11, 2020
The business confidence index produced by National Australia Bank (NAB) soared from 3.2 points in October to 12.4 points in November, marking the highest reading since April 2018.
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