AUD News

Total credit to the private sector in Australia was up 0.4 percent on month in February, the Reserve Bank of Australia said on Monday - unchanged from the rate in January.

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The total number of building approvals in Australia was down a seasonally adjusted 5.0 percent on month in February, the Australian Bureau of Statistics said on Wednesday, standing at 16,669.

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An index measuring activity in Australia's construction sector came in with a score of 46.2 in March, the Australian Industry Group said on Monday - up from 44.2 in February.

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Business confidence in Australia was down in March, according to the latest survey from National Australia Bank - which came in with a score of +4.

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Consumer confidence in Australia saw a mild increase for April, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - rising 0.3 percent to a score of 99.7.

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The total number of home loans issued in Australia was up a seasonally adjusted 2.3 percent on month in February, the Australian Bureau of Statistics said on Wednesday - standing at 52,460.

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Australia posted a seasonally adjusted unemployment rate of 5.8 percent in March, the Australian Bureau of Statistics said on Thursday.

That handily beat forecasts for 6.1 percent, and it was down from 6.0 percent in February.

The Australian economy gained 18,100 jobs in March 18,100 to 11,553,200 - blowing away expectations for a gain of 2,500 following the upwardly revised jump of 48,200 in the previous month (originally 47,300).

Full-time employment decreased 22,100 to 8,029,100 and part-time employment increased 40,200 to 3,524,000.

Unemployment decreased 29,900 (4.0 percent) to 713,200. The number of unemployed persons looking for full-time work decreased 16,700 to 509,800 and the number of unemployed persons only looking for part-time work decreased 13,300 to 203,400.

The participation rate was 64.7 percent - in line with forecasts but down from the upwardly revised 64.9 percent a month earlier (originally 64.8 percent).

Aggregate monthly hours worked increased 8.0 million hours (0.5 percent) to 1,617.2 million hours.

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A leading index for Australia's economy was basically unchanged in March, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - showing a score of 98.38.

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The total number of new motor vehicle sales in Australia was down a seasonally adjusted 0.3 percent on month in March, the Australian Bureau of Statistics said on Thursday, coming in at 92,168.

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A leading economic index for Australia was up 0.3 percent on month in February, the Conference Board said on Tuesday - rising for the 17th consecutive month.

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