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 | 1.30 | 1.47 % | Jun 20 |
| Exchange Rate | 0.69 | 0.05 % | Jun 20 |
| Stock Market | 6,768 | 0.08 % | Jun 20 |
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Economic News
Australia: Unemployment rate steady but employment surges in election month
June 13, 2019
Seasonally-adjusted employment increased by 42,300 in May from the previous month, following the revised 43,100 jobs added in March (previously reported: +28,400 jobs) and more than doubling analysts’ expectations of a gain of 17,500.
Australia: Consumer sentiment dips on weak national accounts but remains in optimistic territory in June
June 12, 2019
The Westpac-Melbourne Institute consumer sentiment index dipped to 100.7 in June from 101.3 in May.
Australia: Victory of Liberal-National coalition sends business confidence to 10-month high
June 11, 2019
The business confidence index produced by National Australia Bank (NAB) jumped to 7.3 points in May from April’s revised plus 0.1 points (previously reported: minus 0.3 points).
Australia: Annual growth nears 10-year low in Q1 despite quarterly acceleration
June 5, 2019
Australia’s economy gained steam in the first quarter, supported by a stronger external sector and a softer contraction in fixed investment, according to figures released by Australia’s Statistical Institute (ABS) on 5 June.
Australia: April registers first drop in retail sales this year
June 4, 2019
Nominal retail sales in April dipped 0.1% over the previous month in seasonally-adjusted terms, swinging from March’s 0.3% uptick.
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