Investment in Australia
Australia - Investment
The economy cools in Q1
Economic activity increased 0.8% on a seasonally-adjusted quarter-on-quarter basis in Q1 2022, following the previous quarter's 3.6% expansion.
Household spending expanded 1.5% in Q1, following the 6.4% jump logged in Q4. However, fixed investment increased at a stronger pace of 2.7% in Q1 from the 0.4% uptick recorded in the previous quarter. Meanwhile, government consumption growth accelerated to 2.7% in Q1 (Q4 2021: +0.7% s.a. qoq).
On the external front, exports of goods and services decreased 0.9% in the first quarter (Q4 2021: -1.0% s.a. qoq), while imports of goods and services expanded 8.1% in Q1 (Q4 2021: +0.7% s.a. qoq).
Meanwhile, in annual terms, GDP growth slowed to 3.3% in the first quarter, from 4.4% in the fourth quarter.
Consensus Forecast panelists see the economy growing 3.8% in 2022, which is up 0.1 percentage points from last month’s forecast, and growing 2.9% in 2023.
Australia - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | -4.0 | -2.4 | 3.5 | 2.5 | -2.2 |
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: Consumer sentiment falls in June
June 20, 2022
The Westpac-Melbourne Institute consumer sentiment index decreased to 86.4 in June from 90.4 in May, marking the lowest reading since August 2020.
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Australia: Unemployment rate stable at over 13-year low in May
June 16, 2022
Seasonally-adjusted employment increased by 60,600 in May, following 4,400 jobs added in April.
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Australia: Business confidence weakens in May
June 16, 2022
The business confidence index produced by National Australia Bank (NAB) dropped to 6.0 points in May from 10.1 points in April.
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Australia: RBA hikes rate further in June; hints at further hikes ahead
June 8, 2022
At its monetary policy meeting on 7 June, the Reserve Bank of Australia (RBA) hiked the cash rate from 0.35% to 0.85% and hinted at further tightening ahead. The Bank raised rates again due to higher-than-expected inflation amid a resilient domestic economic backdrop.
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Australia: Retail sales growth slows in April
June 2, 2022
Retail sales increased 0.9% in month-on-month seasonally-adjusted terms in April, following March's 1.6% increase.
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