AUD News

New home sales in Australia surged in November after falling sharply in the previous month, the Housing Industry Association said on Friday.

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Consumer prices in Australia advanced 0.5 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

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The total value of retail sales in Australia dipped a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - standing at A$25.611 billion.

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The construction index in Australia continued to contract in January, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Tuesday with a Performance of Construction Index score of 47.7.

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New home sales in Australia increased for the second straight month in December, though at slower pace than in the previous month, the Housing Industry Association reported Thursday.

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Business confidence in Australia gained momentum in January, the latest survey from National Australia Bank revealed on Tuesday with an index score of +10.

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Total new motor vehicle sales in Australia were up a seasonally adjusted 0.3 percent on month in January, the Australian Bureau of Statistics said on Wednesday - coming in at 97,636.

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The jobless rate in Australia came in at a seasonally adjusted 5.7 percent in January, the Australian Bureau of Statistics said on Thursday.

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Australia's resource exports are expected to make a significant contribution to output growth, offsetting the drag on growth from the falling mining investment, policymakers of the Reserve Bank of Australia said at the board meeting held on February 7.

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The total value of construction work done in Australia fell a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday - standing at A$46.263 billion.

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