AUD News

The construction sector in Australia continued to contract in March and at an accelerated pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 45.2.

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The total number of home loans in Australia was up a seasonally adjusted 1.5 percent on month in February, the Australian Bureau of Statistics said on Monday - standing at 56,924.

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Business confidence in Australia picked up steam in March, the latest survey from National Australia Bank revealed on Tuesday with an index score of +6.

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The unemployment rate in Australia slipped to a seasonally adjusted 5.7 percent in March, the Australian Bureau of Statistics said on Thursday.

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The leading index for Australia, which measures the future economic activity decreased for the third consecutive month in February, preliminary figures from the Conference Board showed Monday.

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Business confidence in Australia ebbed in April, the latest survey from National Australia Bank showed on Monday with an index score of +5.

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The total number of building approvals issued in Australia was up a seasonally adjusted 3.7 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at 19,371.

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Australian Treasurer Scott Morrison announced an expansionary budget giving thrust to economic growth ahead of the July election. The budget is projected to return to balance by 2021. The government is committed to reducing the deficit by constraining spending while keeping taxes as low as possible, he added.

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New home sales in Australia increased notably in March after falling in the previous month, the Housing Industry Association said on Thursday.

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The construction sector in Australia turned to expansion in April, the latest survey from the Australian Industry Group showed on Friday with a Performance of Construction Index score of 50.8.

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