Australia Manufacturing PMI Slips To 55.7 In July - S&P Global

RTTNews | 1074 dias atrás
Australia Manufacturing PMI Slips To 55.7 In July - S&P Global

(RTTNews) - The manufacturing sector in Australia continued to expand in July, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 55.7.

That's down from 56.2 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

July data pointed to a sixth month of expansion in production across Australia's manufacturing sector. Survey respondents attributed growth to strong overall demand as well as additional shifts being worked. That said, the rate of expansion was unchanged from June.

Order book volumes increased for an eleventh consecutive month and at the quickest rate since April Concurrently, growth in new export orders was solid overall and the sharpest since last October.

Etiquetas: AUD
read more
Australia Building Permits Climb 3.2% On Month In May

Australia Building Permits Climb 3.2% On Month In May

The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
RTTNews | 1 dia atrás
Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 1 dia atrás
Australia Inflation Eases In May

Australia Inflation Eases In May

Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
RTTNews | 14 dias atrás
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 29 dias atrás
Australia GDP Adds 0.2% On Quarter In Q1

Australia GDP Adds 0.2% On Quarter In Q1

Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.
RTTNews | 36 dias atrás
Australia Services PMI Ebbs In May - S&P Global

Australia Services PMI Ebbs In May - S&P Global

The services sector in Australia continued to expand in May, albeit it at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 50.6.
RTTNews | 36 dias atrás