AUD News

Consumer confidence in Australia tumbled in June, the latest survey from Westpac Bank and the Melbourne Institute showed on Wednesday - erasing all of the positive sentiment that was garnered in the previous month with the release of the latest government budget.

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The unemployment rate in Australia was a seasonally adjusted 6.0 percent in May, the Australian Bureau of Statistics said on Thursday.

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The manufacturing sector in Australia turned sharply lower and to contraction in June, the latest survey from the Australian Industry Group showed on Wednesday, with a 22-month low Performance of Manufacturing Index score of 44.2.

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Job advertisements in Australia increased in June after remaining unchanged in May, the latest survey from the Australia and New Zealand Banking Group revealed Monday.

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Consumer confidence in Australia deteriorated further in July, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - sliding 3.2 percent on month to a seven-month low index score of 92.2.

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The outlook for the Australian economy turned positive again in May, the Conference Board said on Friday, as its leading economic index added 0.2 percent.

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Policymakers of the Reserve Bank of Australia judged it appropriate to maintain the key interest rate at a record low for the third straight meeting. The policy board governed by Glenn Stevens decided on Tuesday to leave the cash rate at 2.00 percent. The bank had lowered the rates by 25 basis points each in February and May.

AUDUSD M5: 94 pips price movement by AUD - Cash Rate news event :

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The services sector in Australia expanded at an accelerated pace in July, the latest survey from the Australian Industry Group said on Wednesday, with a Performance of Services Index score of 54.1.

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Wage costs in Australia were up a seasonally adjusted 0.6 percent on quarter in the second quarter of 2015, the Australian Bureau of Statistics said on Wednesday.

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Consumer confidence in Australia jumped sharply in August, the latest survey from Westpac Bank showed on Wednesday, as its index surged a seasonally adjusted 7.8 percent to a score of 99.5.

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