Australia's retail sales declined for the first time in ten months in October, defying economists' forecast for a further rise, figures from the Australian Bureau of Statistics showed on Monday.
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Australia's retail sales declined for the first time in ten months in October, defying economists' forecast for a further rise, figures from the Australian Bureau of Statistics showed on Monday.
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Australia's central bank raised its key interest rate on Tuesday, by a quarter-point for a third straight policy meeting, thus slowed the pace of rate hikes from a more aggressive 50 basis points previously as policymakers turned less hawkish amid expectations for slower economic growth ahead. The policy board of the Reserve Bank of Australia, governed by Philip Lowe, decided to lift the cash rat
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Australia's unemployment rate came in at a seasonally adjusted 3.4 percent in November, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations.
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The manufacturing sector in Australia continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 50.4.
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The manufacturing sector in Australia slipped into contraction territory in January, the latest survey from Judo Bank revealed on Tuesday with a 32-month low manufacturing PMI score of 49.8.
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Australia's central bank raised its benchmark rate by a quarter-point and tweaked its forward guidance triggering expectations for more hikes. At the first board meeting of the year, the Reserve Bank of Australia policymakers decided to lift the cash rate target by 25 basis points to 3.35 percent. The rate decision came in line with expectations.
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The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the fourth quarter of 2022, the Australia Bureau of Statistics said on Wednesday.
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The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
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