AUD News

The Australian Bureau Of Statistics announced Wednesday wages in Australia rose at a steady rate in the first quarter of 2014.

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Total new capital expenditure in Australia was down a seasonally adjusted 4.2 percent on quarter in the first quarter of 2014, the Australian Bureau of Statistics said on Thursday - coming in at A$37.076 billion.

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An index measuring manufacturing sector activity in Australia jumped to a score of 49.2 in May, the Australia Industry Group said on Monday.

That's up sharply from 44.8 in April but still below the line of 50 that separates expansion from contraction. In all, the sector has remained in contractionary territory for seven straight months.

"The manufacturing sector continues to be buffeted by weak household demand, a lack of business confidence and fierce competition in both domestic and export markets, heightened by the renewed strength in the Australian dollar," Ai Group chief executive Innes Willox said.

"While there was an encouraging rebound in new orders after a particularly weak April, the public reaction to the federal budget appears to be weighing negatively on consumer sentiment and business confidence."

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Australia's service sectors improved in May to be just barely in contraction, the latest survey from the Australian Industry Group revealed on Wednesday.

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The Australian construction sector continued to contract in May, although at a slower pace, the latest survey from the Australian Industry Group and the Housing Industry Association revealed on Friday with a score of 46.7.

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Job advertisements in Australia declined in May after four months of increase, a report from ANZ showed Tuesday.

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The total number of housing loans in Australia was roughly unchanged in April, the Australian Bureau of Statistics said on Tuesday, coming in at 52,109.

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Australian consumer confidence improved in June after the sharp post-budget fall in May, results of a survey from Westpac and the Melbourne Institute showed Wednesday.

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Labour demand has improved over the recent months after the slowdown in labour demand and supply in the recent past, although the jobless rate is expected to remain elevated in the coming years, Christopher Kent, Assistant Governor of the Reserve Bank of Australia, said on Monday in his address on Labour Market Developments.

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The total number of new motor vehicle sales in Australia was up a seasonally adjusted 0.3 percent on month in May, the Australian Bureau of Statistics said on Tuesday - standing at 92,410.

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