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
|Investment (annual variation in %)||-4.0||-2.4||3.5||2.5||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.37||1.47 %||Dec 31|
|Exchange Rate||0.70||0.05 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
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.
June 16, 2022
Seasonally-adjusted employment increased by 60,600 in May, following 4,400 jobs added in April.
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.
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.
June 2, 2022
Retail sales increased 0.9% in month-on-month seasonally-adjusted terms in April, following March's 1.6% increase.