AUD News

House prices in Australia were down 0.2 percent on quarter in the first quarter of 2016, the Australian Bureau of Statistics said on Tuesday.

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The Australian economy is expected to stay on a narrowly positive path over the next six to nine months, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - rising 0.21 percent on month in May.

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Australia's capital city house prices continued to set new record highs in June, led by the surge in dwelling values in Sydney and Melbourne, survey results from CoreLogic showed Friday.

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Australia's foreign trade deficit increased in May, as imports grew faster than exports, the Australian Bureau of Statistics said on Tuesday.

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The construction sector in Australia swung to expansion in June, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 53.2.

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Consumer confidence in Australia took a hit in July, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday, sliding 3.0 percent to a reading of 99.1.

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Australia will on Wednesday see June results for the leading economic index from Westpac, highlighting a light day for Asia-Pacific economic activity.

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Consumer prices are predicted to have risen 1.0 percent on year in July, the latest survey from TD Securities and the Melbourne Institute revealed on Monday.

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The construction index in Australia continued to expand in July, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Friday with a Performance of Construction Index score of 51.6.

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The total number of dwelling commitments in Australia issued in June was up a seasonally adjusted 1.2 percent on month, the Australian Bureau of Statistics said on Wednesday - coming in at 57,247.

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