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Australia’s seasonally adjusted unemployment rate stood at 4.2% in August 2025, unchanged from the previous month and in line with market expectations. The number of unemployed people fell by 900, bringing the total to 647,400. Among them, those seeking part-time jobs declined by 3,600 to...
The Australian dollar weakened slightly on Thursday after strengthening in the previous session. The AUD/USD pair still has room to recover as the US dollar faces pressure following weaker-than-expected US PPI data, which reinforced expectations of Fed easing in September. Domestically, the AUD...
Australia’s Gross Domestic Product (GDP) rose 0.6% QoQ in the second quarter (Q2) of 2025 compared with the 0.3% growth in the first quarter (revised from 0.2%), the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in stronger than the expectations of 0.5%...
Australia’s private sector credit rose 0.7% month-on-month in July 2025, after two consecutive 0.6% gains and marking the fastest increase since April. The latest figure beat market expectations of 0.6%, driven by a sharp pickup in business credit (1.4% vs 0.5% in June). Meanwhile, housing credit...
Employment in Australia increased by 24,500 to a record peak of 14.64 million in July 2025, sharply picking up from a downwardly revised 1,000 rise in the previous month but slightly below market consensus of a 25,000 gain. Full-time employment surged 60,500 to a record peak of 10.13 million,...
Australia's monthly inflation indicator showed price pressures continued to cool in February, keeping the door open for the Reserve Bank of Australia to cut interest rates further, perhaps as early as next month. The inflation indicator rose 2.4% in the 12 months to February, slightly below...
Australian employment posted a surprise fall in February although the jobless rate stayed unchanged, a soft result that sent the local dollar lower. Figures from the Australian Bureau of Statistics on Thursday showed net employment fell 52,800 in February from January. That was well under market...
The monthly Consumer Price Index in Australia increased by 2.5% yoy in January 2025, unchanged from the previous month but below market estimates of a 2.6% rise. Still, the latest result was the highest reading in four months, with food prices rising the most in three months (3.3% vs 2.7%). Also,...
The Australian Bureau of Statistics (ABS) will release its October monthly employment report at 00:30 GMT on Thursday (11/14). The country is expected to have added 25,000 new jobs, while the Unemployment Rate is expected to remain steady at 4.1%. The Australian Dollar (AUD) is trading near a...
Australia’s central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. In contrast to other central banks in advanced economies, the Reserve Bank of Australia wrote in its statement that “inflation has...
Australia's annual inflation rate slowed to 2.8% year on year in the September quarter from 3.8% in the preceding three-month period, falling back within the Reserve Bank of Australia's target, data from the Australian Bureau of Statistics showed Wednesday. The consensus forecast was for a 2.9%...
Australia's 10-year government bond yield rose slightly to around 3.94% as investors digested data showing a slowdown in inflation. Data on Wednesday revealed that Australia’s headline inflation fell to a three-year low of 2.7% in August from 3.5% in the previous month, and slightly below market...
The Reserve Bank of Australia (RBA) is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday. The RBA is widely expected to hold the Official Cash Rate (OCR) at 4.35% following...
Australia's seasonally adjusted unemployment stood at 4.2% in August 2024, unchanged from July's 2-1/2-year high, with the number of unemployed individuals declining by 10.5 thousand to 627 thousand while employment increased 47.5 thousand to 14.46 million, easily surpassing consensus of a 25...
Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly sticky inflation. Gross domestic product advanced 0.2% from the prior quarter, matching economists’ estimate, Australian Bureau of Statistics...
A gauge of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter and bolstering the case for interest rates to remain unchanged. The consumer price indicator climbed 3.5% from a year earlier, just above economists’ estimate of 3.4%,...
Australia’s Unemployment Rate rose to 4.2% in July, compared with the expectations and the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. Furthermore, the Australian Employment Change arrived at 58.2K in July from 50.2K...
Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting traders to boost bets on an interest-rate cut. The currency and bond yields dropped. The closely-watched trimmed mean core measure, which smooths out...
Australia added more than twice the number of jobs economists expected in June, highlighting the resilience of the country’s labor market to elevated interest rates. Employment rose by 50,200 roles — driven by full-time jobs — versus a forecast 20,000 gain, Australian Bureau of Statistics...
Australian retail sales rose by more than expected in May with spending largely driven by discounts in the face of elevated borrowing costs. Sales advanced 0.6% from the prior month, double the economists’ estimate of a 0.3% gain, according to data from the Australian Bureau of...
