RBA Minutes: Further Rate Cuts Remain Possible
The members of the Reserve Bank of Australia's monetary policy board said that the Australian economy continues to expand below trend, and therefore will not absolutely rule out additional stimulus, minutes from the central bank's November 5 meeting revealed on Tuesday. In addition, the members noted that the Australian dollar remains higher than the bank would prefer.
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Australia Q3 Construction Work Done Rises 2.7%
The total value of construction work done in Australia climbed a seasonally adjusted 2.7 percent in the third quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday - standing at A$53.426 billion.
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Australia Building Permits Fall 1.8% In October
The total number of building permits issued in Australia eased a seasonally adjusted 1.8 percent in October compared to the previous month, the Australian Bureau of Statistics said on Monday, standing at 16,491.
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Australia October Retail Sales Rise 0.5%
The total value of retail sales in Australia added a seasonally adjusted 0.5 percent in October compared to the previous month, the Australian Bureau of Statistics said on Tuesday - coming in at A$22.284 billion.
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Australia Central Bank Keeps Cash Rate Unchanged At Record Low
The Reserve Bank of Australia on Tuesday decided to keep its benchmark cash rate unchanged at a record low of 2.5 percent for a fourth consecutive time while reiterating policymakers' concern that the Australian dollar still remained "uncomfortably high". The Australian dollar, while below its level earlier in the year, is still uncomfortably high, Governor Glenn Stevens said in a statement.
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Australia Service PMI 48.9 In November - AiG
An index measuring the service sector in Australia came in with a score of 48.9 in November, the latest survey from the Australia Industry Group revealed on Wednesday.
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Australia Q3 GDP Expands 0.6% On Quarter
Australia's gross domestic product was up a seasonally adjusted 0.6 percent in the third quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday.
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Australia October Trade Deficit A$529 Million
Australia posted a seasonally adjusted merchandise trade deficit of A$529 million in October, the Australian Bureau of Statistics said on Thursday.
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Australia Construction Index Expands In November - AiG
An index measuring the construction sector in Australia came in with a score of 55.2 in November, the latest survey from the Australia Industry Group revealed on Friday.
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