Tuesday, 19 March 2024
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EKONOMI AUSTRALIA

Australia’s Monthly Inflation Rate Steady at 3.4% in January
Wednesday, 28 February 2024 14:46 WIB | Economy

Australian inflation surprisingly remained steady in January, supporting the case for the Reserve Bank to begin cutting interest rates later this year. The consumer price indicator advanced 3.4% from a year earlier, below economists’ estimates of 3.6% and unchanged from December, Australian...


Australia Wage Growth Quickens Past RBA Forecast Peak
Wednesday, 21 February 2024 14:54 WIB | Economy

Australian wage growth picked up further in the final three months of 2023 to pass the Reserve Bank’s forecast peak, suggesting policymakers will remain watchful as they assess price pressures in the economy. The Wage Price Index advanced 4.2% in the fourth quarter from a year earlier, just...


Australian Unemployment Rises to Two-Year High, Currency Drops
Thursday, 15 February 2024 14:35 WIB | Economy

Australian hiring edged up at the start of the year, while unemployment climbed to a two-year high, highlighting the nation’s cooling labor market and prompting bets on an earlier interest-rate cut. The economy added 500 roles in January — led by full-time positions, compared with a forecast...


Australia inflation slows sharply to two-year low in Q4
Wednesday, 31 January 2024 15:07 WIB | Economy

Australian consumer price inflation fell by more than expected to a two-year low in the December quarter, while a sharp slowdown in core inflation reinforced market bets the next move in interest rates would be down. Data from the Australian Bureau of Statistics on Wednesday showed the consumer...


Australian Jobs Unexpectedly Slump as Unemployment Holds Steady
Thursday, 18 January 2024 14:28 WIB | Economy

Australian employment surprisingly tumbled in December, snapping four straight months of gains, while unemployment remained unchanged as fewer people sought work. The economy shed 65,100 roles versus a forecast 15,000 increase and the participation rate slid to 66.8% from 67.2% in November,...


Australian Inflation Cools, Boosts Case for February Rate Pause
Wednesday, 10 January 2024 14:27 WIB | Economy

Australia’s monthly inflation gauge moderated for a second straight month in November in a welcome outcome that bolsters the case for the Reserve Bank to leave interest rates unchanged next month. The consumer price indicator rose 4.3% from a year earlier, lower than economists’ estimate of 4.4%,...


Australian Retail Sales Jump in November on Black Friday Offers
Tuesday, 9 January 2024 14:47 WIB | Economy

Australian retail sales jumped by more than economists had predicted in November as consumers brought forward their Christmas shopping to take advantage of Black Friday discounts. Sales jumped 2% from a month earlier, compared with estimates for a 1.2% rise, Australian Bureau of Statistics data...


Australian Unemployment Hits 1-1/2 Year High Despite Job Gains
Thursday, 14 December 2023 14:41 WIB | Economy

Australia jobless rate rose to the highest level in 1-1/2 years in November as an increase in people seeking work outweighed a surge in hiring. Unemployment rose to 3.9%, the highest level since May 2022, from an upwardly revised 3.8% a month earlier, Australian Bureau of Statistics data...


Australia Economy Surprisingly Slows as Rate Hikes Damp Spending
Wednesday, 6 December 2023 14:29 WIB | Economy

Australia’s economy surprisingly slowed sharply in the three months through September as consumers hunkered down in the face of rising borrowing costs while exports detracted from growth.  Gross domestic product advanced 0.2% from the prior quarter, slower than economists’ estimate of a 0.5%...


Australia Holds Key Rate at 12-Year High as Prices Begin to Cool
Tuesday, 5 December 2023 17:32 WIB | Fiscal & monetary

Australia’s central bank kept interest rates unchanged at its final meeting of the year as cooling inflation and a softening labor market suggest its policy tightening to date is gaining traction. The Reserve Bank maintained its cash rate at a 12-year high of 4.35% — as forecast by all but one...


Australia’s Monthly Inflation Cools, Boosting Case for RBA Pause
Wednesday, 29 November 2023 14:28 WIB | Economy

Australia’s monthly inflation gauge snapped two months of acceleration in October, bolstering the case for the Reserve Bank to resume pausing interest rates next week. The consumer price indicator rose 4.9% in October from a year earlier, the first reading for the fourth quarter and lower than...


Australia Retail Sales Unexpectedly Fall as Rate Hikes Take Toll
Tuesday, 28 November 2023 14:34 WIB | Economy

Australian retail sales unexpectedly fell in October, in a sign that the Reserve Bank’s aggressive interest-rate increases are beginning to weigh on households. Sales dropped 0.2% from a month earlier, compared with estimates for a 0.1% rise, Australian Bureau of Statistics data showed Tuesday....


Australia’s Inflation Test Is More ‘Homegrown,’ RBA Chief Says
Wednesday, 22 November 2023 22:28 WIB | Fiscal & monetary

Australia’s remaining inflation challenge is “increasingly homegrown and demand driven” compared with earlier supply-side disruptions, with implications for policy, Reserve Bank Governor Michele Bullock said. “If inflation is simply the product of global supply disruptions or other...


Australian Jobs Surge in Oct, but Labor Market Still Seen Cooling
Thursday, 16 November 2023 14:51 WIB | Economy

Australia’s labor market grew more than expected in October as the participation rate returned to record highs, although an increase in unemployment and a slowing pace of hours worked suggested that the labor market was still cooling. The total number of employed people grew by 55,000 in October,...


Australia Wages Post Largest Rise on Record in Q3
Wednesday, 15 November 2023 15:10 WIB | Economy

Australian wages posted the largest increase on record last quarter as a sharp rise in minimum wages benefited millions of workers, while intense competition among employers also pushed up many individual pay deals. Figures from the Australian Bureau of Statistics out on Wednesday showed its wage...


Australia’s Surprisingly Strong Retail Sales Fuel Rate Hike Bets
Monday, 30 October 2023 14:48 WIB | Economy

Australian retail sales surpassed expectations in September, an outcome that will likely boost the Reserve Bank’s confidence that the economy can withstand further interest rate hikes. Sales advanced 0.9% from a month earlier, far exceeding estimates for a 0.3% rise, Australian Bureau of...


Australia’s Faster-Than-Expected Inflation Keeps Hike in Play
Wednesday, 25 October 2023 14:25 WIB | Economy

Australia’s inflation rate came in faster than expected in the three months through September, bolstering the case for the Reserve Bank to raise interest rates next month after four meetings of standing pat. The consumer price index advanced 5.4% in the third quarter from a year earlier, more...


RBA ‘Will Not Hesitate’ to Hike If CPI Outlook Raised Materially
Tuesday, 24 October 2023 21:42 WIB | Fiscal & monetary

Australia’s central bank “will not hesitate” to raise interest rates further if there’s a material upgrade to its inflation outlook, new Governor Michele Bullock said, in her strongest reference yet to the threat of renewed price pressures. “Our focus remains on bringing inflation back...


Australian Unemployment Unexpectedly Falls to 3.6% in September
Thursday, 19 October 2023 14:27 WIB | Economy

Australian unemployment surprisingly declined in September as fewer people sought work, while hiring came in weaker than economists had anticipated. The jobless rate slid to 3.6% from the prior month, having hovered in a range of 3.4%-3.7% since June last year, Australian Bureau of...


Australia's central bank saw upside risks to inflation at Oct policy meeting
Tuesday, 17 October 2023 14:42 WIB | Fiscal

Australia's central bank considered raising rates at its recent policy meeting but judged there was not enough new information to warrant a move, though more would be available for its November meeting. Minutes of its Oct. 3 policy meeting released on Tuesday showed the Reserve Bank of Australia...



Market Review Monday, March 18, 2024
Tuesday, 19 March 2024 03:17 WIB

Nikkei Tokyo shares closed sharply higher Monday as investors cheered the yen's slide with their eyes on a possible interest rate hike from the...

China's Growth Beats Estimates as Production, Investment Rev Up
Monday, 18 March 2024 09:29 WIB

China's factory output and investment grew more strongly than expected at the start of the year, as Beijing targets an ambitious annual economic...

Stock futures climb as investors await fresh Fed guidance
Monday, 18 March 2024 16:29 WIB

Stock futures were climbed on Monday morning, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week. Futures tied to...

Stocks Rebound After Two Weeks of Losses as Nvidia-Led AI Rally Resumes
Monday, 18 March 2024 23:10 WIB

Stocks rose Monday, led by gains in Nvidia, as Wall Street awaited a key artificial intelligence conference and looked ahead to monetary policy...

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