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The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8.
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This is a discussion on AUD News within the Analytics and News forums, part of the Trading Forum category; The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from ...
The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8.
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The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at A$34.229 billion.
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Australia posted a merchandise trade surplus of A$15.965 billion in May, the Australian Bureau of Statistics said on Thursday.
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The unemployment rate in Australia came in at a seasonally adjusted 3.5 percent in June, the Australian Bureau of Statistics said on Thursday - beating expectations for 3.8 percent and down significantly from 3.9 percent in May.
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The total value of retail sales in June was up a seasonally adjusted 0.2 percent on month in June, the Australian Bureau of Statistics said on Wednesday - coming in at A$34.239 billion.
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Inflation expectations among Australian households eased in August, the latest Survey of Consumer Inflationary and Wage Expectations from the Melbourne Institute showed Thursday.
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Policymakers of the Reserve Bank of Australia said more interest rate hikes will be needed in the process of normalizing monetary policy over the months ahead, the minutes of the meeting held on August 2 showed Tuesday.
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The wage price index in Australia was up 2.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.
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The services sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.2.
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The Reserve Bank of Australia raised its key interest rates by a half-percentage point on Tuesday to bring inflation back to the target and create a more sustainable balance of demand and supply in the Australian economy. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 50 basis points to 2.35 percent, the highest since late 2014.
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