AUD News

Consumer prices in Australia are forecast to have risen 1.5 percent on year in December, the latest survey from TD Securities showed on Monday - slowing dramatically from the 2.2 percent prediction in November.

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Business conditions in Australia continue to be stuck in neutral, the latest survey from National Australia Bank revealed on Tuesday - as its index score eased to a three-month low of +4 in December from +5 in November.

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Overall consumer prices in Australia are predicted to rise 1.5 percent annually in January, the latest forecast from TD Securities revealed Monday.

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The Reserve Bank of Australia cut its cash rate on Tuesday at its February meeting, with the decision premised on the central bank's downgraded growth outlook and the impact of falling oil prices.

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The construction sector in Australia continued to contract in January, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Friday with a Performance of Construction Index score of 45.9.

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House prices in Australia continued to increase in the fourth quarter, preliminary figures from the Australian Bureau of Statistics showed Tuesday.

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The total number of home loans in Australia was up a seasonally adjusted 2.7 percent on month in December, the Australian Bureau of Statistics said on Wednesday - standing at 53,920.

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An index measuring consumer confidence in Australia surged in January, the latest survey from Westpac Bank and the Melbourne Institute showed on Wednesday.

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Consumer prices in Australia are forecast to rise 4.0 percent in February, the latest survey from the Melbourne Institute showed on Thursday.

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The total number of new motor vehicle sales in Australia was down a seasonally adjusted 1.5 percent on month in January, the Australian Bureau of Statistics said on Monday, standing at 93,104.

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