| Australia Economy Archive: |
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Australia's CPI up 1.3% in Q1
Apr 23, 8:23 AM EDT |
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| The all groups CPI rose 4.2% through the year to March quarter 2008. |
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| The all groups CPI rose 1.3% in the March quarter 2008, compared with a rise of 0.9% in the December quarter. |
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Australia's PPI Rises 1.9% in Q1
Apr 21, 9:03 AM EDT |
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| Intermediate commodities increased by 2% in the March quarter 2008, the largest quarterly increase since the June quarter 2006. |
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| Final commodities increased by 1.9% in the March quarter 2008, the largest quarterly increase since the series began in the September quarter 1998. |
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Australia Exports Rise 3.5% in Q1
Apr 18, 8:41 AM EDT |
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| The Import Price Index increased by 2.7% in the March quarter 2008, following a 0.2% increase in the December quarter 2007. |
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| The Export Price Index increased by 3.5% in the March quarter 2008, the first quarterly increase since June quarter 2007. The increase this quarter was mainly driven by rises in prices received for gold, non-monetary +15.9%, cereals and cereal preparations +26.9%, meat and meat preparations +12.6% and gas, natural and manufactured +8.1%. |
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RBA Holds Rate Unchanged at 7.25%
Apr 15, 7:47 AM EDT |
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| Retail sales were flat in January, following large increases over the course of 2007. |
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| The Board’s discussion of the world economy commenced with a briefing on the global growth outlook. The latest IMF forecasts were for growth in world GDP to be around 3.75% in both 2008 and 2009, following expansion of around 5% in the previous two years. While these IMF forecasts had been marked down by about ½ percentage point for each year from those published in January, they were in line with staff forecasts for Australia’s major trading partners made earlier in the year. |
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Australian Jobless Rate Rises to 4.1% in March
Apr 10, 9:34 AM EDT |
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| Participation rate remained steady at 65.2%. |
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| Unemployment rate increased by 0.1 percentage point to 4.1%. The male unemployment rate increased by 0.3 percentage points to 3.9%, and the female unemployment rate decreased by 0.2 percentage points to 4.2%. |
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RBA: Australian GDP Expands by 4% in 2007
Apr 04, 2:30 PM EDT |
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| The rate of unemployment declined further, in the most recent readings reaching its lowest level since the mid 1970s. |
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| The Australian economy recorded another very strong year in 2007. Real GDP expanded by about 4%. Growth in domestic final demand was even stronger, at over 5.5%. Indicators of capacity utilisation reached their highest levels for two decades, and firms continued to report considerable difficulty in expanding operations, due to shortages of suitable staff. |
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Australia's Retail Sales Drop 0.1% in February
Apr 04, 8:46 AM EDT |
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| In original terms, Australian turnover decreased by 7.5% in February 2008 compared with January 2008. |
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| The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series decreased by 0.1% in February 2008. This follows a revised decrease of 0.1% in January 2008 and a revised increase of 0.3% in December 2007. All states and territories except Victoria -1.6% and Western Australia -0.6% had increases in the seasonally adjusted estimate. The largest increases occurred in the Northern Territory, the Australian Capital Territory both +1.2% and Queensland +0.9%. |
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