AUD News

Australia's gross domestic product dropped a seasonally adjusted 0.3 percent on quarter in the first three months of 2020, the Australian Bureau of Statistics said on Wednesday.

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The services sector in Australia continued to contract in June, and at a slightly faster rate, the latest survey from the Australian Industry Group showed on Tuesday with a seasonally adjusted Performance of Services Index score of 31.5.

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Consumer prices in Australia were down 0.3 percent on year in the second quarter of 2020, the Australian Bureau of Statistics said on Wednesday.

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Australia's central bank left its record low interest rate and quantitative easing unchanged on Tuesday.

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Wage prices in Australia were up 1.8 percent on year in the second quarter of 2020, the Australian Bureau of Statistics said on Wednesday.

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The total number of building permits issued in Australia came in at a seasonally adjusted 12.0 percent on month in July, the Australian Bureau of Statistics said on Tuesday - standing at 13,840.

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Australia's gross domestic product was down a seasonally adjusted 7.0 percent on quarter in the second quarter of 2020, the Australian Bureau of Statistics said on Wednesday.

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Consumer prices in Australia were up 0.7 percent on year in the third quarter of 2020, the Australian Bureau of Statistics said on Wednesday - in line with expectations following the 0.3 percent decline in the previous three months.

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The total value of retail sales in Australia dropped a seasonally adjusted 1.1 percent on month in September, the Australian Bureau of Statistics said on Wednesday - standing at A$29.157 billion.

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Wage prices in Australia were up a seasonally adjusted 0.1 percent on quarter in the third quarter of 2020, the Australian Bureau of Statistics said on Wednesday - shy of expectations for an increase of 0.2 percent, which would have been unchanged from the Q2 reading.

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