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 stable at over 13-year low in April
May 19, 2022
Seasonally-adjusted employment increased by 3,970 in April, following 20,300 jobs added in March.
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Australia: RBA hikes rate in May; hints at further hikes ahead
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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Australia: Retail sales continue to grow in March
May 5, 2022
Retail sales increased 1.6% in month-on-month seasonally-adjusted terms in March, following February's 1.8% increase.
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Australia: Consumer sentiment at one-and-a-half-year low in April
April 21, 2022
The Westpac-Melbourne Institute consumer sentiment index decreased to 95.8 in April from 96.6 in March, marking the lowest reading since September 2020.
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Australia: Unemployment rate stable at over 13-year low in March
April 19, 2022
Seasonally-adjusted employment increased by 17,900 in March, following 77,400 jobs added in February.