Population in Australia
Australia - PopulationThe economy posted a solid performance in Q2, following Q1’s disappointing result. Growth was driven by strong government and household consumption, as well as a positive contribution from net exports, which benefitted from an upswing in commodity prices. Despite the positive headline, however, the economy is not yet out of the woods and remains vulnerable. Buoyant private consumption was not fueled by strong wage growth but rather by households saving less, while the uptick in government consumption was largely related to reconstruction efforts after Hurricane Debbie and is not expected to be sustained in the months ahead. Nevertheless, economic growth is not expected to fall back to the rates seen in Q1, as businesses remain confident and consumer confidence ticked back up in September. Continued improvements in the labor market should gradually push down underemployment and bolster consumer confidence further, lifting retail sales that came in flat in July.
Australia - Population Data
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.83||0.0 %||Sep 21|
|Exchange Rate||0.80||-0.81 %||Sep 21|
|Stock Market||5,717||-0.92 %||Sep 21|
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September 14, 2017
Seasonally-adjusted employment increased by 54,200 jobs in August compared to the previous month, up from the 29,300 new jobs created in July.
September 13, 2017
The Westpac-Melbourne Institute Index of Consumer Sentiment came in at 97.9 in September, up from August’s 95.5.
September 12, 2017
The business confidence index produced by the National Australia Bank (NAB) fell to 5 points in August, down from 12 points in July, which had marked the highest level since early 2008.
September 7, 2017
Nominal retail sales in July were unchanged over the previous month in seasonally-adjusted terms, down from the 0.3% increase registered in June.
September 6, 2017
Growth in the economy accelerated in Q2, after a disappointing performance in Q1.