RELATED NEWS

Thursday December 08 2016
Australia Trade Deficit Widens in October  
Australia reported a trade deficit of AUD 1.54 billion in October of 2016, an increase of 21 percent from an upwardly revised AUD 1.27 billion deficit in September. Figure came below market expectations of a AUD 0.80 billion gap, as exports rose less than imports.
Wednesday December 07 2016
Australia GDP Contracts for 1st Time in 5-1/2-Years in Q3  
The Australian economy unexpectedly shrank 0.5 percent in the third quarter of 2016, compared to an upwardly revised 0.6 percent growth in the June quarter and missing market consensus of a 0.3 percent expansion. It was the first contraction since the March quarter 2011 and the fastest fall since the December quarter 2008, dragged down by investment and net trade.
Tuesday December 06 2016
Australia Holds Cash Rate Steady at 1.5%  
The Reserve Bank of Australia decided to leave the cash rate unchanged at a record low of 1.5 percent during the meeting held on December 6th, as expected. While saying the economy is continuing its transition following the mining investment boom, policymakers judged some slowing in the year-ended growth rate is likely, before it picks up again.
Thursday November 17 2016
Australia Jobless Rate Steady at 5.6% in October  
Australia's seasonally adjusted unemployment rate stood at 5.6 percent in October of 2016, the same as in September and in line with market expectations. The jobless rate stayed at the lowest level since September 2013, as the the labor force participation was unchanged while the number of unemployed decreased by 2,000.
Thursday November 03 2016
Australia Trade Gap Smallest in 21 Months  
Australia reported a trade deficit of AUD 1.23 billion in September of 2016, a decrease of 35 percent from a downwardly revised AUD 1.89 billion deficit in August and below market estimates of a AUD 1.70 billion gap. It was the smallest trade deficit since December 2014, as exports rose while imports fell.
Tuesday November 01 2016
Australia Keeps Cash Rate Steady at record Low of 1.5%  
The Reserve Bank of Australia decided to leave the cash rate unchanged at a record low of 1.5 percent during the meeting held on November 1st, as expected. While saying low interest rates have been supporting domestic demand, policymakers projected the economy is to grow at close to its potential rate over the next year and inflation is expected to pick up gradually over the next two years.
Wednesday October 26 2016
Australia Inflation Rises More than Expected in Q3  
Consumer prices in Australia rose 1.3 percent through the year to the third quarter of 2016 from 1.0 percent in the previous three month period. The inflation rate came above market consensus of a 1.1 driven mostly by rise in cost of food and housing.
Thursday October 20 2016
Australia Jobless Rate Drops to 3-Year Low in September  
Australia's seasonally adjusted unemployment rate unexpectedly dropped to 5.6 percent in September of 2016, compared to an upwardly revised 5.7 percent in August and below market estimates. It was the lowest jobless rate since September 2013 as the labor force participation dropped while the economy lost 9,800 jobs.
Thursday October 06 2016
Australia Trade Gap Smallest in 4 Months  
Australia reported a trade deficit of AUD 2.01 billion in August of 2016, a decrease of 5.0 percent from a downwardly revised AUD 2.12 billion deficit in July while market estimates a gap of AUD 2.30 billion. It was the smallest trade deficit since April as exports and imports were flat.
Tuesday October 04 2016
Australia Holds Cash Rate Steady at 1.5%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on October 4th, as expected. While saying low interest rates have been supporting domestic demand, policymakers judged the economy is continuing to grow at a moderate pace.
Thursday September 15 2016
Australia Jobless Rate Falls to 3-Year Low  
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.6 percent in August of 2016 from 5.7 percent in July and below market consensus of 5.7 percent. It was the lowest jobless rate since July 2013 as the economy lost 3,900 jobs and the number of unemployed decreased by 10,500.
Thursday September 08 2016
Australia Trade Deficit Narrows in July  
Australia reported a trade gap of AUD 2.41 billion in July of 2016, a decrease of 26 percent from an upwardly revised AUD 3.25 billion deficit in June while market estimates a deficit of AUD 2.80 billion. It was the smallest trade deficit since May as exports rose while imports were flat.
Wednesday September 07 2016
Australia GDP Growth Weakest in A Year  
The Australian economy expanded 0.5 percent in the June quarter of 2016, slowing from a downwardly revised 1.0 percent growth in the previous quarter and slightly below market consensus of a 0.6 percent growth. It was the weakest growth since the second quarter 2015, weighed down by net trade while investment was flat and final consumption remained steady.
Tuesday September 06 2016
Australia Holds Cash Rate Steady at 1.5%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. While saying that low interest rates have been supporting domestic demand, policymakers judged inflation would remain quite low for some time.
Thursday August 18 2016
Australia Jobless Rate Down to 5.7% in July  
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in July of 2016 from 5.8 percent in June and below market consensus of 5.8 percent. The economy added 26,200 jobs and the number of unemployed decreased by 5,500.
Tuesday August 02 2016
Australia Cuts Cash Rate to Fresh Record Low of 1.5%  
The Reserve Bank of Australia lowered the cash rate by 25 basis points to a fresh record low of 1.50 percent during the meeting held on August 2nd, effective 3rd August 2016. It was the second rate cut so far this year prompted by weak inflation numbers.
Tuesday August 02 2016
Australia Trade Deficit Largest in 5 Months  
Australia reported a trade gap of AUD3.19 billion in June of 2016, an increase of 32 percent from an upwardly revised AUD2.42 billion deficit in May and missing market estimates. It was the largest trade deficit since January as exports fell while imports rose.
Wednesday July 27 2016
Australia Inflation Rate at 17-Year Low in Q2  
Consumer prices in Australia rose 1.0 percent through the year to the June quarter of 2016 from 1.3 percent in the previous quarter and slightly below market consensus. It was the lowest inflation rate since the second quarter 1999. On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the March quarter and in line with expectations.
Thursday July 14 2016
Australia Jobless Rate at 4-Month High  
Australia's seasonally adjusted unemployment rate rose to 5.8 percent in June of 2016 from 5.7 percent in the previous three months and matching market consensus. It was the highest jobless rate since February as the economy added 7,900 jobs and the number of unemployed increased by 9,900.
Tuesday July 05 2016
Australia Holds Cash Rate Steady at 1.75%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.75 percent during the meeting held on July 5th, as expected. While saying that domestic demand, as well as exports, had been expanding at a pace at or above trend, policymakers await further data to assess its next move.
Tuesday August 02 2016
Australia Trade Deficit Largest in 3 Months  
Australia reported a trade gap of AUD2.22 billion in May of 2016, an increase of 24 percent from an upwardly revised AUD1.79 billion gap in April and missing market estimates. It was the largest trade deficit since February as imports rose more than exports.
Thursday June 16 2016
Australia Jobless Rate Steady for 3rd Month in May  
Australia's seasonally adjusted unemployment rate stood at 5.7 percent in May of 2016, unchanged from the previous two months and matching market consensus. The economy added 17,900 jobs and the number of unemployed increased by 1,600.
Tuesday June 07 2016
Australia Keeps Cash Rate Steady at Record Low of 1.75%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.75 percent during the meeting held on June 7th, as expected. While saying that domestic demand, as well as exports, have been expanding at a pace at or above trend, policymakers judged that holding the stance of policy unchanged this time would be consistent with sustainable growth in the economy and inflation returning to target over time.
Thursday June 02 2016
Australia Trade Gap Smallest in 14 Months  
Australia reported a trade deficit of AUD1.58 billion in April of 2016, a decrease of 20 percent from a downwardly revised AUD1.97 billion gap in March, above market estimates. It was the smallest trade deficit since February 2015 as exports rose while imports fell.
Wednesday June 01 2016
Australian GDP Grows 1.1% in Q1, Beats Forecasts  
Australian GDP expanded 1.1 percent in the March quarter of 2016, accelerating from an upwardly revised 0.7 percent growth in the previous quarter and above market consensus of a 0.8 percent growth. Positive contributions from net exports and final consumption expenditure offset a decline in investment.
Thursday May 19 2016
Australia Jobless Rate Steady at 5.7% in April  
Australia's seasonally adjusted unemployment rate stood at 5.7 percent in April of 2016, unchanged from the figure in March and slightly below consensus of 5.8 percent. The economy added 10,800 jobs and the number of unemployed increased by 400.
Thursday May 05 2016
Australia Posts Smallest Trade Deficit in A Year  
Australia reported a trade gap of AUD2.16 billion in March of 2016, a decrease of 29.0 percent from a downwardly revised AUD3.04 billion deficit in February and below market expectations. It is the smallest trade deficit since March 2015 as exports rose more than imports.
Tuesday May 03 2016
Australia Cuts Cash Rate to Fresh Record Low of 1.75%  
The Reserve Bank of Australia decided to lower the cash rate by 25 basis points to a fresh record low of 1.75 percent during the meeting held on May 3rd, effective 4th May 2016. While highlighting a lower outlook for inflation, policymakers judged that prospects for sustainable growth in the economy, with consumer prices returning to target over time, would be improved by easing monetary policy.
Wednesday April 27 2016
Australia Inflation Rate Eases to 1.3% YoY in Q1  
Consumer prices in Australia rose 1.3 percent through the year to the March quarter of 2016 from 1.7 percent in the previous quarter and below market consensus. On a quarterly basis, consumer prices unexpectedly dropped by 0.2 percent, following a 0.4 percent increase in the December quarter. It is the first decline since the fourth quarter of 2008.
Thursday April 14 2016
Australia Jobless Rate at 30-Month Low  
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in March of 2016 from 5.8 percent in February and below market consensus of 5.9 percent. It is the lowest jobless rate since September 2013 as the economy added 26,100 jobs and the number of unemployed decreased by 7,300.
Tuesday April 05 2016
Australia Leaves Cash Rate Unchanged  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on April 5th, as expected. While highlighting that inflation in the country is likely to remain low over the next year or two, policymakers judged there were reasonable prospects for continued growth.
Tuesday April 05 2016
Australia Trade Deficit Widens in February  
Australia reported a trade gap of AUD3.41 billion in February of 2016, an increase of 8.0 percent from an upwardly revised AUD3.16 billion deficit in a month earlier and missing market expectations, as exports fell while imports remained unchanged.
Thursday March 17 2016
Australia Jobless Rate Down to 5.8%, Less than Expected  
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.8 percent in February of 2016 from 6.0 percent a month earlier and below market consensus. The economy added 300 jobs and the number of unemployed decreased by 27,300.
Thursday March 03 2016
Australia Trade Deficit Narrows in January  
Australia reported a trade gap of AUD2.94 billion in January of 2016, a decrease of 17 percent from a downwardly revised AUD3.52 billion deficit in a month earlier and better than market expectations, as exports rose while imports fell.
Thursday March 03 2016
Australian GDP Growth Beats Estimates in Q4  
Australian GDP expanded 0.6 percent in the December quarter of 2015, as compared to an upwardly revised 1.1 percent growth in the previous quarter and above market consensus of a 0.4 percent growth. While final consumption expenditure contributed positively to the expansion, investment fell and net exports gave no contribution to the GDP growth.
Tuesday March 01 2016
Australia Keeps Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on March 1st, as expected. While deciding current monetary policy remained appropriate, policymakers judged there were reasonable prospects for continued growth, with inflation close to target.
Thursday February 18 2016
Australia's Jobless Rate at 4 Month-High  
Australia's seasonally adjusted unemployment rate unexpectedly rose to 6.0 percent in January of 2016 from 5.8 percent a month earlier and missing market consensus. It is the highest figure since September 2015, as the economy lost 7,900 jobs and the number of unemployed increased by 30,200.
Wednesday February 03 2016
Australia Trade Deficit Largest in 6 Months in December  
Australia reported a trade gap of AUD 3.54 billion in December of 2015, an increase of 30 percent from a downwardly revised AUD 2.73 billion deficit in a month earlier and missing market expectations. It is the largest deficit since June, as exports fell more than imports.
Tuesday February 02 2016
Australia Holds Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on February 2nd, as expected. While judging there were reasonable prospects for growth, policymakers saw continued low inflation may provide scope for easier policy, should that be appropriate to lend support to demand.
Wednesday January 27 2016
Australia Inflation Rate Above Expectations in Q4  
Consumer prices in Australia rose 1.7% through the year to the December quarter 2015 from 1.5% in the previous quarter. It is the highest figure since the fourth quarter of 2014 and slightly above market consensus. A faster increase in prices of food and non-alcoholic beverages and a slower drop in cost of transport offset a slowdown in cost of housing.
Thursday January 14 2016
Australia Jobless Rate Steady at 5.8% in December  
Australia's seasonally adjusted unemployment rate remained unchanged from a month earlier at 5.8 percent in December of 2015 and slightly below market consensus. The figure was the lowest since May 2014. The economy lost 1,000 jobs, the smallest decline since May 2010, and the number of unemployed declined by 10,900.
Thursday January 07 2016
Australia Trade Deficit Narrows in November  
Australia reported a trade gap of $2.90 billion in November 2015, a decrease of 11 percent from a downwardly revised $3.25 billion deficit in a month earlier and below market expectations, as exports rose while imports fell.
Thursday December 10 2015
Australia's Jobless Rate at 19-Month Low  
Australia's seasonally adjusted unemployment rate surprisingly decreased to 5.8 percent in November of 2015 from 5.9 percent a month earlier and was the lowest since May 2014. The economy added 71,400 jobs, the largest gain since July 2000, and the number of unemployed declined by 2,800.
Thursday December 03 2015
Australia Trade Deficit Largest in 6 Months  
Australia reported a trade gap of $3.30 billion in October 2015, an increase of 38 percent from a downwardly revised $2.40 billion deficit in a month earlier and below market expectations. It is the largest deficit since April as exports fell while imports remained unchanged.
Wednesday December 02 2015
Australian GDP Growth Beats Expectations  
Australian economy expanded 0.9 percent in the September quarter of 2015, as compared to an upwardly revised 0.3 percent growth in the previous quarter and above market consensus. Positive contributions from net exports and final consumption expenditure offset a decline in investment.
Tuesday December 01 2015
Australia Keeps Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on December 1st. While judging that the prospects for an economic improvement had firmed a little over recent months, policymakers observed that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.
Monday November 23 2015
Australia Overview  
An economic analysis here, with at least 100 characters with a brief summary and some loose details.
Thursday November 19 2015
Australia Overview  
An economic analysis here, with at least 100 characters with a brief summary and some loose details.
Wednesday November 18 2015
Key Indicators for Australia  
The Gross Domestic Product (GDP) in Australia expanded 0.20 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Australia averaged 0.87 percent from 1959 until 2015, reaching an all time high of 4.40 percent in the first quarter of 1976 and a record low of -2 percent in the second quarter of 1974. GDP Growth Rate in Australia is reported by the Australian Bureau of Statistics.
Wednesday November 18 2015
Key Indicators for Australia  
The Gross Domestic Product (GDP) in Australia expanded 0.20 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Australia averaged 0.87 percent from 1959 until 2015, reaching an all time high of 4.40 percent in the first quarter of 1976 and a record low of -2 percent in the second quarter of 1974. GDP Growth Rate in Australia is reported by the Australian Bureau of Statistics.
Thursday November 12 2015
Australia's Jobless Rate at 17-Month Low  
Australia's seasonally adjusted unemployment rate surprisingly decreased to 5.9 percent in October of 2015 from 6.2 percent a month earlier and the lowest figure since May 2014. The economy added 58,600 jobs, the largest gain since March 2012, and the number of unemployed declined by 33,400.
Wednesday November 04 2015
Australia Trade Deficit Narrows in September  
Australia reported a trade gap of $2.32 billion in September 2015, a decrease of 15 percent from an upwardly revised $2.71 billion deficit in August 2015 and beating market consensus, as exports grew more than imports.
Tuesday November 03 2015
Australia Holds Cash Rate Steady  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on November 3rd. While judging that the prospects for an economic improvement had firmed a little over recent months, policymakers said inflation outlook may be a little lower than earlier expectations.
Wednesday October 28 2015
Australia Inflation Rate Steady at 1.5% in Q3  
Consumer prices in Australia rose 1.5 percent through the year to the September quarter 2015, the same pace as in the previous period and below market consensus. An increase in cost of housing and a slower drop in cost of transport offset a sharp slowdown in prices of food and non-alcoholic beverages.
Thursday October 15 2015
Australia Jobless Rate Steady at 6.2% in September  
Australia's seasonally adjusted unemployment rate remained unchanged at 6.2 percent in September of 2015 from a month earlier and below market consensus. The economy lost 5,100 jobs and the number of unemployed declined by 8,100.
Tuesday October 06 2015
Australia Keeps Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on October 6th. Policymakers said monetary policy needs to be accommodative since the economy is likely to be operating with a degree of spare capacity. Inflation will also remain consistent with the target over the next one or two years, even with a lower exchange rate.
Tuesday October 06 2015
Australia Trade Deficit Widens in August  
Australia reported a trade gap of $3.10 billion in August 2015, an increase of 11 percent from an upwardly revised $2.79 billion deficit in July 2015 and missing market consensus, as exports remained flat while imports rose.
Thursday September 10 2015
Australia's Jobless Rate Falls to 6.2% in August  
Australia's seasonally adjusted unemployment rate slightly decreased to 6.2 percent in August of 2015 from 6.3 percent reported in the previous month and matching market consensus. The economy added 17,400 jobs and the number of unemployed declined by 14,400.
Thursday September 03 2015
Australia Trade Deficit Narrows in July  
Australia reported a trade gap of $2.46 billion in July 2015, a decrease of 19 percent from a revised $3.05 billion deficit in June 2015 and beating market consensus, as exports grew while imports remained flat.
Wednesday September 02 2015
Australian Economy Grows 0.2% in Q2  
Australian GDP expanded 0.2 percent in the June quarter of 2015, slowing from 0.9 percent growth in the previous quarter and missing market forecasts. It is the weakest growth since the first quarter of 2013, as positive contributions from final consumption expenditure and investment were unable to offset a decline in net exports.
Tuesday September 01 2015
Australia Holds Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on September 1st. Policymakers judged moderate expansion in the economy continues and inflation will also remain consistent with the target over the next one or two years, even with a lower exchange rate.
Thursday August 06 2015
Australia's Jobless Rate Rises to 6.3% in July  
Australia's seasonally adjusted unemployment rate increased to 6.3 percent in July of 2015 from an upwardly revised 6.1 percent reported in the previous month and above market consensus. The economy added 38,500 jobs and the number of unemployed increased by 40,100.
Tuesday August 04 2015
Australia Maintains Cash Rate at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on August 4th. Policymakers said low interest rates support borrowing and spending since the economy is likely to be operating with a degree of spare capacity. Inflation will also remain consistent with the target over the next one or two years, even with a lower exchange rate.
Wednesday August 05 2015
Australia Trade Deficit Widens in June  
Australia reported a trade gap of $2.93 billion in June 2015, an increase of 10 percent from a revised $2.68 billion deficit in May 2015 and slightly above market consensus as imports grew more than exports.
Wednesday July 22 2015
Australia Inflation Below Forecasts in Q2  
Consumer prices in Australia rose only 1.5 percent through the year to the June quarter 2015 compared to 1.3 percent in the previous period. While cost of transport declined at a slower pace, food and housing inflation was weaker than in the previous period.
Thursday July 09 2015
Australia's Jobless Rate Edges Up in June  
Australia's seasonally adjusted unemployment rate increased to 6.0 percent in June of 2015 from a downwardly revised 5.9 percent reported in the previous month but below market forecasts. The economy added 7300 jobs only and the number of unemployed increased by 12800.
Tuesday July 07 2015
Australia Holds Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on July 7th. Policymakers said monetary policy needs to be accommodative since the economy is likely to be operating with a degree of spare capacity and inflation will remain consistent with the target over the next one or two years.
Thursday July 02 2015
Australia Trade Deficit Narrows in May  
Australia reported a trade gap of $2.75 billion in May 2015, a decrease of 33 percent from a revised $4.14 billion deficit in April 2015, as exports grew while imports fell.
Thursday June 11 2015
Australia's Jobless Rate Falls to 6% in May  
Australia's seasonally adjusted unemployment rate decreased to 6.0 percent in May of 2015 from a revised 6.1 percent reported in the previous month and beating market forecasts, as the economy added 42000 jobs and the number of unemployed declined by 22000.
Thursday June 04 2015
Australia Trade Deficit at Record High  
Australia reported a trade gap of $3.89 billion in April 2015, an increase of 216 percent from a revised $1.23 billion deficit in March 2015 and touching a record high, as exports fell while imports rose.
Wednesday June 03 2015
Australian Economy Expands 0.9% in Q1  
Australian GDP growth accelerated to 0.9 percent in the March quarter compared to 0.5 percent in late 2014 and beating forecasts of 0.7 percent. Net exports and final consumption expenditure contributed positively to the expansion while investments declined.
Tuesday June 02 2015
Australia Holds Cash Rate Steady at 2%  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on June 2nd. Policymakers said monetary policy needs to be accommodative since the economy has continued to grow, but at a rate somewhat below its longer term average.
Thursday May 07 2015
Australia's Jobless Rate Edges Up in April  
Australia's seasonally adjusted unemployment rate slightly increased to 6.2 percent in April of 2015 from 6.1 percent reported in the previous month as the economy lost 2900 jobs and the number of unemployed rose by 7000.
Tuesday May 05 2015
Australia Cuts Cash Rate to Fresh Record Low of 2%  
The Reserve Bank of Australia cut the cash rate by 25 basis points to a fresh record low of 2.0 percent, aiming to bolster growth and further lower the Australian dollar.
Tuesday May 05 2015
Australia Trade Deficit Narrows in March  
Australia reported a trade gap of $1.32 billion in March 2015, a decrease of 18 percent from a revised $1.60 billion deficit in February 2015 as exports and imports fell at the similar pace.
Wednesday April 22 2015
Australia Inflation Eases to Almost 3-Year Low in Q1  
Consumer prices in Australia rose 1.3 percent through the year to the March quarter 2015 from 1.7 percent in the previous period and matching market forecasts. It is the slowest annual pace since the second quarter of 2012, mainly due to a further decline in cost of transport, communication and clothing and footwear.
Thursday April 16 2015
Australia's Jobless Rate Falls Further  
Australia's seasonally adjusted unemployment rate unexpectedly dropped to 6.1 percent in March of 2015 from a revised 6.2 percent reported in the previous month as the economy added 37.7K jobs and the number of unemployed declined by 1.5K.
Tuesday April 07 2015
Australia Holds Cash Rate Steady at 2.25%  
The Reserve Bank of Australia left the cash rate unchanged at a record low 2.25 percent on April 7th. Policymakers said expect growth to continue below-trend and signaled further easing in coming months.
Thursday April 02 2015
Australia Trade Deficit Largest in 5 Months  
Australia reported a trade gap of $1.26 billion in February 2015, an increase of 25 percent on the deficit in January 2015. It is the largest shortfall since September 2014, as imports grew faster than exports.
Thursday March 12 2015
Australia's Jobless Rate Falls to 6.3%  
Australia's seasonally adjusted unemployment rate dropped to 6.3 percent in February from 6.4 percent reported in January as the economy added 15.6K jobs and the number of unemployed declined by 15.8K.
Thursday March 05 2015
Australian Trade Deficit Widens in January  
Australia reported a trade gap of $980m in January 2015, an increase of 95 percent on the deficit in December 2014 as imports grew faster than exports.
Wednesday March 04 2015
Australian Economy Grows 0.5% in Q4  
Australian GDP advanced 0.5 percent in the fourth quarter of 2014, rising from upwardly revised 0.4 percent expansion reported in the previous three month period and matching market estimates. Net exports and consumption contributed the most to the growth while changes in inventories dragged the expansion down.
Tuesday March 03 2015
Australia Holds Cash Rate at Record Low  
The Reserve Bank of Australia left the cash rate unchanged at a record low 2.25 percent on March 3rd, following last month's cut. Yet, policymakers signaled further easing may occur in the coming meetings.
Thursday February 12 2015
Australia's Jobless Rate Highest Since 2002  
Australia's seasonally adjusted unemployment rate increased to 6.4 percent in January, compared with 6.1 percent in December 2014 as the number of employed people decreased by 12.2 Thousand.
Tuesday February 03 2015
Australia Cuts Cash Rate to Record Low of 2.25%  
The Reserve Bank of Australia cut the cash rate by 25 basis points to a fresh record low of 2.25 percent. Policymakers said further reduction in the rate was appropriate as the economy needs more support to bring growth to a sustainable level and inflation consistent with the target.
Tuesday February 03 2015
Australia's Trade Deficit Smallest in 9 Months  
Australia's trade gap was reported at $436m in December 2014, a decrease of $580m (57%) on the deficit in November 2014 as exports rose for a fourth month in a row and imports fell.
Wednesday January 28 2015
Australia's Inflation Rate Dips to 1.7% in Q4  
Consumer prices in Australia rose 1.7% through the year to the December quarter 2014, the slowest annual pace in two-and-a-half years as petrol prices plunged.
Thursday January 15 2015
Australia's Jobless Rate Drops to 6.1%  
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 6.1% in December of 2014 as the number of employed persons rose and the number of unemployed declined.
Tuesday January 06 2015
Australia's Trade Gap Widens in November  
Australia reported a trade deficit of $925m in November 2014, an increase of 5 percent compared to the previous month, as both exports and imports rose by 1 percent.
Thursday December 11 2014
Australia's Jobless Rate Rises to 11-Year High  
Australia's seasonally adjusted unemployment rate increased by 0.1 percentage points to 6.3 percent in November 2014 while the number of employed grew the most since March of 2012.
Thursday December 04 2014
Australia's Trade Deficit Narrows in October  
Australian trade gap declined to $1,323m in October 2014, a decrease of $912m (41%) on the deficit in September 2014 as exports rose and imports dropped.
Wednesday December 03 2014
Australian Economy Slows in Q3  
Australian GDP grew 0.3 percent in the third quarter of 2014, down from 0.5 percent expansion reported in the previous three month period and below markets expectations. Net exports and consumption contributed the most to the growth while investment dragged the expansion down.
Tuesday December 02 2014
Australia Holds Cash Rate at Record Low  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2.5 percent on December 2nd. Policymakers said they expect growth to be a bit below trend for the next few quarters and lower exchange rate may be needed to achieve balanced growth.
Thursday November 06 2014
Australia Unemployment Rate Steady at 6.2% in October  
Seasonally adjusted jobless rate in Australia remained unchanged at 6.2 percent in October of 2014 from a revised September figure. The number of unemployed persons increased by 7,100 to 772,100.
Tuesday November 04 2014
Australia Holds Cash Rate Steady at 2.5%  
At its November 4th, 2014 meeting, the Reserve Bank of Australia decided to keep the cash rate unchanged at a record low of 2.5 percent, as growth is likely to stay a little below trend for the next several quarters, while credit growth is moderate overall but with a further pick-up in recent months.
Tuesday November 04 2014
Australia Trade Deficit Widens in September  
Australian trade gap increased sharply to AUD 2261 million in September of 2014 from a revised AUD 1013 million gap a month earlier, as growth in imports far exceeded the pace of exports. The shortfall came in far above market forecasts, reaching the highest since November of 2012.
Wednesday October 22 2014
Australia Inflation Eases to 2.3% in Q3  
Australian annual inflation rate slowed to 2.3 percent in the third quarter of 2014 from 3.0 percent in the previous period, driven by a fall in price of electricity, after the government removed a tax on carbon emission starting early July.
Thursday October 09 2014
Australia's Unemployment Rate Edges Up in September  
Seasonally adjusted jobless rate in Australia increased 0.1 percentage point to 6.1 percent in September of 2014 from a revised 6.0 percent in both August and July. The number of unemployed persons increased by 11,000 to 746,600.
Tuesday October 07 2014
Australia Maintains Cash Rate at Record Low  
At its October 7th, 2014 meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at a record low of 2.5 percent, as on present conditions, the most prudent course is likely to be a period of stability in interest rate. In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target.
Thursday October 02 2014
Australia Trade Deficit Continues to Narrow in August  
Australian trade gap decreased further to AUD 787 million in August of 2014 from a revised AUD 1075 million gap a month earlier, as exports fell 2 percent while imports shrank 3 percent.
Thursday September 11 2014
Australia Unemployment Rate Falls to 6.1% in August  
Australian jobless rate decreased to 6.1 percent in August of 2014 from a 12-year high of 6.4 percent reported in July. The economy added 121 thousand jobs, the highest monthly gain on record, driven by part-time employment.
Thursday September 04 2014
Australia Trade Deficit Narrows Further in July  
Australian trade gap narrowed to AUD 1359 million in July of 2014 from a revised AUD 1564 million deficit in June, the fourth consecutive monthly trade deficit since April 2014, as exports grew while imports were almost unchanged.
Wednesday September 03 2014
Australian Economy Grows 0.5% in Q2  
In the second quarter of 2014, Australia's GDP grew 0.5 percent in seasonally adjusted terms, beating market expectations and driven by consumption and private investment amid weakening exports.
Tuesday September 02 2014
Australia Keeps Cash Rate Steady at 2.5%  
At its September 2nd, 2014 meeting, the Reserve Bank of Australia decided to keep the cash rate unchanged at a record low of 2.5 percent, as growth is likely to stay a little below trend over the next year and the labor market still shows some degree of spare capacity.
Thursday August 07 2014
Australia Jobless Rate Jumps to 12-Year High  
Australia's unemployment rate increased by 0.3 percentage points to 6.4 percent in July of 2014, the highest level since June of 2002 as the number of people looking for work increased.
Tuesday August 05 2014
Australia Holds Key Rate at Record Low  
At its August 5th meeting, the Reserve Bank of Australia decided to keep the cash rate unchanged at a record low of 2.5 percent as the growth is likely to stay a little below trend over the next year.
Tuesday August 05 2014
Australia Trade Deficit Narrows in June  
Australian trade gap narrowed to AUD 1683 million in June of 2014 from a revised AUD 2043 million deficit in May as exports remained flat and imports continued to fall.
Wednesday July 23 2014
Australia Inflation Rate Up to 3% in Q2  
Australian consumer prices advanced 3.0 percent year-on-year in the second quarter of 2014, slightly up from 2.9 percent in the previous period. The rise was driven by almost all categories except for cost of clothing and footwear and communication which fell on the year.
Thursday July 10 2014
Australia Unemployment Rate Up to 6% in June  
Australian seasonally adjusted jobless rate increased by 0.1 percentage point to 6.0 percent in June of 2014, from a revised 5.9 percent in May. The number of unemployed persons increased by 20,300 to 741,700 in the month, while in trend terms the number of unemployed persons in June 2014 increased by 1,100 to 728,500.
Wednesday July 02 2014
Australia Trade Deficit More Than Doubles in May  
Australian trade gap widened to AUD 1911 million in May of 2014, compared with a revised AUD 780 million in April, mainly due to a fall in agriculture and mining exports.
Tuesday July 01 2014
Australia Keeps Cash Rate at Record Low  
At its July 1st, 2014 meeting, Reserve Bank of Australia decided to leave the cash rate unchanged at a record low of 2.5 percent awaiting the impact of decline in mining-investment boom on the labour market.
Thursday June 12 2014
Australia Unemployment Rate Steady at 5.8% in May  
Australia's unemployment rate remained steady at 5.8 percent in May 2014 (seasonally adjusted), while in trend terms the unemployment rate was also unchanged at 5.9 percent in the month. The number of unemployed persons increased by 3,200 to 717,100 in May 2014 (seasonally adjusted), while in trend terms the number of unemployed persons in May 2014 fell by 2,200 to 719,700.
Thursday June 05 2014
Australia Reports Trade Deficit in April  
Australia reported trade deficit AUD 122 million in April 2014, compared with a revised AUD 902 million surplus in March, mainly due to fall in agriculture and mining exports. It was the first deficit in the last five months and far lower than analysts’ expectations.
Wednesday June 04 2014
Australian Economy Expands 1.1% in Q1  
In the first quarter of 2014, Australia GDP expanded on a seasonally adjusted 1.1 percent over the previous three months, the highest growth in the last seven quarters. Growth was driven by net export, consumption expenditure and private investment while changes in inventories and public investment declined. Mining industry and financial services also become the main drivers for the economy during March quarter.
Tuesday June 03 2014
Australia Leaves Rates on Hold  
At its June 3rd, 2014 meeting, Reserve Bank of Australia decided to maintain the cash rate unchanged at a record low 2.5 percent, emphasizing the most prudent course to support demand and help strengthen growth over time is by delivering a period of stability in interest rates.
Thursday May 08 2014
Australia's Jobless Rate Unchanged at 5.8% in April  
Australia's seasonally adjusted unemployment rate remained steady at 5.8 per cent in April while the number of people employed increased by 14,200 to 11,572,900.
Tuesday May 06 2014
Australia's Trade Surplus Narrows in March  
Australian trade surplus narrowed to AUD 731 million in March of 2014, compared with a revised AUD 1257 million in February, mainly due to a fall in mining exports. It was the fourth straight monthly surplus but missed analysts' expectations.
Tuesday May 06 2014
Australia Leaves Monetary Policy Unchanged  
At its May 6th, 2014 meeting, Reserve Bank of Australia kept the cash rate at 2.5 percent and reiterated the official rate will stay unchanged at a record low for some time to come.
Wednesday April 23 2014
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Thursday April 10 2014
Australia's Jobless Rate Down to 5.8% in March  
Australia's seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 percent in March while the number of people employed increased by 18,100 to 11,553,200.
Thursday April 03 2014
Australia Reports Third Monthly Trade Surplus in February  
Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.
Tuesday April 01 2014
Australia Leaves Rate Steady at 2.5%  
At its April 1st, 2014 meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as it considers the current policy stance appropriate to support demand and growth.
Thursday March 13 2014
Australia's Unemployment Rate Stable in February  
Australia's seasonally adjusted unemployment rate stayed at 6 percent in February as more people joined the labour force. The employment surged by 47,300, the biggest gain in 13 months and above forecasts.
Thursday March 06 2014
Australia's Trade Surplus Hits 29-Month High in January  
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports.
Wednesday March 05 2014
Australian Economy Expands 0.8% in Q4  
Australian GDP grew faster than expected in seasonally adjusted volume terms in the last quarter of 2013. Expansion was mostly driven by exports and consumption while fixed investment declined.
Tuesday March 04 2014
Australia Leaves Monetary Policy Unchanged  
At its March 4th, the Reserve Bank of Australia decided to leave cash rate unchanged at 2.5 percent for the sixth straight meeting, after sending a strong signal last month it wanted a period of interest rate stability.
Thursday February 13 2014
Australia's Unemployment Rate Up to 6% in January  
Australia's seasonally adjusted unemployment rate increased by 0.2 percentage points to 6.0 percent in January, the highest level since July of 2003.
Thursday February 06 2014
Australia Reports Trade Surplus in December  
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.
Tuesday February 04 2014
Reserve Bank of Australia Leaves Rate on Hold  
At its February 4th, 2014 meeting, Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as widely expected, as present monetary policy is considered appropriate to foster growth in demand and keep inflation within the 2-3 percent target.
Wednesday January 22 2014
Australia's Annual Inflation Rate Surges to 2.7% in Q4  
Australia's CPI rose 2.7% through the year to the December quarter 2013, following a rise of 2.2% in the previous quarter as prices of education, alcohol and tobacco, housing and health rose more than 4 percent.
Thursday January 16 2014
Australia's Employment Falls by 22.6K in December  
The number of employed persons in Australia decreased by 22,600 in December 2013 to 11,629,500 persons. The jobless rate increased by 0.1 percentage points to 5.8% in December 2013 (seasonally adjusted) when calculated using unrounded estimates, while in trend terms the unemployment rate was unchanged at 5.8% in December 2013.
Tuesday January 07 2014
Australian Trade Deficit Down to 8-Month Low in November  
In November, Australia's seasonally adjusted trade balance on goods and services registered a deficit of A$118M, a decrease of A$240M (67%) on the deficit in October. Exports grew A$94M (1%) to A$27.4B and imports fell A$146M (1%) to A$27.5B.
Thursday December 12 2013
Australia's Unemployment Rate Up to 5.8% in November  
Australia's jobless rate increased by less than 0.1 percentage points to 5.8 percent in November 2013 (seasonally adjusted) from 5.7 percent reported a month earlier. The number of unemployed persons increased by 3,400 to 712,500.
Thursday December 05 2013
Australia's Trade Deficit Widens in October  
Australia's seasonally adjusted balance on goods and services was a deficit of AUD529m in October 2013, an increase of AUD258m (95%) on the deficit in September 2013. Exports fell AUD26m to AUD27.27B and imports rose AUD231m (1%) to AUD27.8B.
Wednesday December 04 2013
Australian Economy Expands 0.6% in Q3  
In the third quarter of 2013, Australia's economic growth has fallen short of expectations, edging up by 0.6 percent in a seasonally adjusted terms.
Tuesday December 03 2013
Reserve Bank of Australia Keeps Rate at 2.5%  
The Reserve Bank of Australia decided on December 3rd to leave the cash rate unchanged at 2.5 percent, citing sluggish growth and stable inflation.
Thursday November 07 2013
Australia's Unemployment Rate up to 5.7% in October  
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.7 per cent in October, as announced by the Australian Bureau of Statistics (ABS) on November 7th. The trend unemployment rate increased by less than 0.1 percentage points to 5.8%.
Wednesday November 06 2013
Australia's Trade Deficit Narrows in September  
Australia reported a trade deficit of $284m in September of 2013, a decrease of $409m (59%) on the deficit in August of 2013. Compared to the previous month, imports declined 1 percent and exports remained almost the same.
Tuesday November 05 2013
Reserve Bank of Australia Leaves Cash Rate Unchanged at 2.5%  
At its November 5th meeting, the Reserve Bank of Australia decided to leave the cash rate on hold at 2.5 per cent. The Board cited economic growth below average and stable inflation.
Wednesday October 23 2013
Australia Annual Inflation Rate Falls to 2.2% in Q3  
Australia’s CPI rose 2.2 percent through the year to the September quarter 2013, compared with a rise of 2.4 per cent last quarter. Quarterly, prices quickened to 1.2 percent in the third quarter of 2013, from 0.4 percent in the June quarter, boosted by higher fuel prices.
Thursday October 10 2013
Australian Unemployment Rate Down to 5.6% in September  
In September, Australia's adjusted unemployment rate decreased 0.2 percentage points to 5.6 percent. The number of unemployed persons decreased by 14.7 thousand to 697 thousand.
Wednesday October 02 2013
Australian Trade Deficit Narrows in August  
In August, Australia's seasonally adjusted balance on goods and services registered a deficit of $815 million, a decrease of $560m or 41 percent on the deficit in July. In August of 2012, Australia's deficit was registered at $2088 million.
Tuesday October 01 2013
Bank of Australia Keeps Rates Unchanged At 2.5%  
At its October 10th meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, citing sluggish global growth and stable inflation.
Thursday September 12 2013
Australian Unemployment Slightly Up to 5.8% in August  
In August, Australia's adjusted unemployment rate was up to 5.8 percent from 5.7 percent in the previous month. The number of unemployed persons increased by 9,400 to 714,100.
Thursday September 05 2013
Australia Posts Trade Deficit in July  
In July, Australia's seasonally adjusted balance on goods and services registered a deficit of A$765 million, down from a A$243 million surplus registered a month earlier. In July of 2012, Australia's deficit was registered at A$1568 million.
Wednesday September 04 2013
Australian Economy Expands 0.6% QoQ in Q2  
In the second quarter of 2013, Australian GDP accelerated a seasonally adjusted 0.6 percent over the previous three months, when it rose 0.5 percent. Growth for the quarter was driven by a 0.2 percent contribution from household consumption and 0.2 percent contribution from changes in inventories.
Tuesday September 03 2013
Reserve Bank of Australia Leaves Cash Rate on Hold at 2.5%  
The Reserve Bank of Australia decided on September 3rd to leave the cash rate unchanged at 2.5 percent, citing sluggish growth and stable inflation.
Monday August 12 2013
Australian Unemployment Rate Steady at 5.7% in July  
In July, Australia's unemployment rate was unchanged at 5.7 percent in both seasonally adjusted and unadjusted terms. The number of unemployed persons decreased slightly by 5,700 to 705,400.
Tuesday August 06 2013
Australian Trade Surplus Widens in June  
In June, Australia's seasonally adjusted balance on goods and services registered a surplus of A$602 million, an increase of A$95 million or 19 percent on the surplus registered a month earlier.
Tuesday August 06 2013
Reserve Bank of Australia Cuts Cash Rate to 2.5%  
At its August 6th meeting, the Board of the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 2.5 percent amid stable inflation, moderated commodity prices and sluggish growth.
Wednesday July 24 2013
Australia Annual Inflation Rate Down to 2.4% in Q2  
Australia's CPI rose 2.4 percent through the year to the June quarter 2013, compared with a rise of 2.5 percent through the year to the March quarter 2013.
Thursday July 11 2013
Australian Unemployment Up to 5.7% in June  
Australia's seasonally adjusted unemployment rate was 5.7 percent in June 2013, compared to a revised 5.6 percent in May. Australian employers hired more workers in June but the much more rapid growth in the population drove the jobless rate to its highest in almost four years.
Wednesday July 03 2013
Australian Trade Surplus Widens in May  
In May, the seasonally adjusted balance on goods and services registered a surplus of $ 670M, an increase of $ 499M (292 percent) on the surplus in April and up from a $ 871M deficit in May of 2012. The increase was driven by non-rural goods sales, in particular by metal ores, minerals and fuel.
Tuesday July 02 2013
Reserve Bank of Australia Keeps Rates Unchanged at 2.75%  
The Reserve Bank of Australia kept the official interest rate on hold at an historic low of 2.75 percent. The Committee noted that Australian dollar remains at a high level and further effects of past cuts are yet to be seen.
Thursday June 13 2013
Australia Unemployment Rate Down to 5.5% in May  
Australia's seasonally adjusted unemployment rate was estimated at 5.5 percent in May, as announced by the Australian Bureau of Statistics on June 13th. While the number of employed increased by 1,100 to 11,663,300, the number of unemployed decreased by 3,600 to 682,900.
Thursday June 06 2013
Australia Trade Surplus Narrows in April  
In April of 2013, Australia recorded a trade surplus of $28 million, a decrease of $527 million (95 percent) on the surplus in March 2013, according to data published by the Australian Bureau of Statistics.
Tuesday August 06 2013
Australian Economy is Likely to Grow Below Trend in 2013  
Recent data updates for Australia point to weaker growth in the quarters ahead. The recovery in consumer spending has been losing momentum in spite of low interest rates and business conditions remain very difficult as the mining-driven economy struggles to cope with a slowdown in China and lower commodity prices.
Wednesday June 05 2013
Australia GDP Rises 0.6% in Q1  
Australian economy grew less than estimated in the first quarter of 2013. Expansion was driven by a 1 percent contribution from net exports and 0.3 percent contribution from household final consumption.
Tuesday June 04 2013
Reserve Bank of Australia Leaves the Cash Rate Unchanged at 2.75%  
At its June meeting, the Board decided to leave the cash rate on hold at 2.75 percent, citing concerns about a higher Australian dollar exchange rate.
Thursday May 09 2013
Australia Unemployment Rate Down to 5.5% in April  
Australia's seasonally adjusted unemployment rate was estimated at 5.5 percent in April, as announced by the Australian Bureau of Statistics (ABS) today. The ABS reported the number of people employed increased by 50 thousand to 11.663 million in April.
Tuesday June 04 2013
Australia to Grow Below Trend in 2013  
In the first two months of 2013 a number of indicators in Australia were pointing to strong expansion supported by low borrowing cost. Yet, recent data releases are showing completely different picture.
Tuesday May 07 2013
Reserve Bank of Australia Cuts Benchmark Interest Rate by 25bps to 2.75%  
At its May meeting, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013.
Tuesday May 07 2013
Australia Posts Trade Surplus In March  
In March of 2013, Australia recorded a trade surplus of 307 million AUD, the country's first surplus in fifteen months.
Wednesday April 24 2013
Australia Inflation Rate Up to 2.5% in Q1  
The CPI rose 2.5 percent through the year to the March quarter 2013, compared with a rise of 2.2 percent through the year to the December quarter 2012.
Thursday April 11 2013
Australia Unemployment Rate Up to 5.6% in March  
Australia's seasonally adjusted unemployment rate increased 0.2 percentage points to 5.6 per cent in March, the Australian Bureau of Statistics announced.
Wednesday April 03 2013
Australia Trade Deficit Narrows in February  
In seasonally adjusted terms, the balance on goods and services was a deficit of A$ 178M in February 2013, a fall of A$ 1,037M (85 percent) on the deficit in January 2013.
Tuesday April 02 2013
Australia Reserve Bank Keeps Rates Unchanged  
At its April meeting, the Board decided to leave the cash rate unchanged at 3.0 per cent.
Thursday March 14 2013
Australia Unemployment Rate Steady at 5.4 Percent  
Australia's seasonally adjusted unemployment rate remained steady at 5.4 percent in February. The number of people unemployed increased by 400 people to 660,000 in February, as announced by the Australian Bureau of Statistics.
Thursday March 07 2013
Australia Trade Deficit Widens in January  
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,057m in January 2013, a rise of $369m (54%) on the deficit in December 2012.
Tuesday May 07 2013
Australia’s Economic Growth May be Speeding Up in 2013  
In the last quarter of 2012, Australia's economy grew at a moderate pace as pick-up in exports offset weakness in other sectors. More importantly, recent data suggests the growth might have quickened since the beginning of 2013 as interest rates cuts initiated in November of 2011 have finally started gaining traction.
Wednesday March 06 2013
Australia Economy Expands 0.6 Percent in Q4  
In seasonally adjusted terms, GDP increased by 0.6 percent in the December of 2012 quarter. The Terms of trade fell 2.7 percent, and real gross domestic income was flat in the December quarter.
Tuesday March 05 2013
RBA Keeps Rates Unchanged  
At its meeting on March 5th, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 3.0 per cent.
Thursday February 07 2013
Australia's Unemployment Rate Remained Steady in January  
The seasonally adjusted unemployment rate in Australia remained unchanged at 5.4 percent in January of 2013.
Tuesday February 05 2013
Australia Monetary Policy Unchanged in February  
The Reserve Bank of Australia decided to leave the cash rate unchanged at 3.0 per cent in February.
Tuesday February 05 2013
Australia Trade Deficit Narrows In December  
In seasonally adjusted terms, the balance on goods and services was a deficit of $427m in December 2012, a fall of $2,361m (85%) on the deficit in November 2012.
Wednesday January 23 2013
Australia Inflation Rate up to 2.2% in Q4  
Australian Consumer Price Index rose 2.2 percent through the year to the December quarter 2012, compared with a rise of 2.0 percent through the year to the September quarter 2012.
Thursday January 17 2013
Australia's Unemployment Rate at 5.4% in December  
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.4 per cent in December, as announced by the Australian Bureau of Statistics today.
Tuesday January 08 2013
Australia Trade Deficit Widens in November 2012  
In seasonally adjusted terms, the balance on goods and services was a deficit of A$2,637m in November 2012, a rise of A$194m (8 percent) on the deficit in October 2012.
Friday December 07 2012
Australia Trade Deficit Widens in October 2012  
In seasonally adjusted terms, the balance on goods and services was a deficit of $2,088m in October 2012, a rise of $668m (47 percent) on the deficit in September 2012.
Thursday December 06 2012
Australia's Unemployment at 5.2 Percent in November  
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage point to 5.2 per cent in November, as announced by the Australian Bureau of Statistics.
Wednesday December 05 2012
Australian Economy Grows in Q3  
The gross domestic product in Australia was up a seasonally adjusted 0.5 percent in the third quarter of 2012. On a yearly basis, GDP expanded 3.1 percent.
Tuesday December 04 2012
Australia Cuts Cash Rate to 3.00 Percent  
Australia's central bank cut interest rates to 3.00 percent, their lowest level since the global financial crisis, warning that the growth outlook for next year had weakened.
Thursday November 08 2012
Australia's Unemployment Remains at 5.4 Percent in October  
Australia's seasonally adjusted unemployment rate decreased slightly but the rounded estimate remained at 5.4 per cent in October.
Wednesday October 24 2012
Australian Inflation Rate Up to 2 Percent in Q3  
Australian inflation rose 2.0 percent through the year to the September quarter 2012, compared with a rise of 1.2 percent through the year to the June quarter 2012.
Thursday October 11 2012
Australia's Unemployment Increases to 5.4 Percent in September  
Australia's seasonally adjusted unemployment rate increased 0.3 percentage points to 5.4 per cent in September, as announced by the Australian Bureau of Statistics (ABS) on October 11.
Tuesday October 02 2012
Australia Cuts Cash Rate to 3.25%  
Australia's central bank cut interest rates to 3.25 percent, their lowest level since the global financial crisis, warning that the growth outlook for next year had weakened.
Monday September 10 2012
Australia Trade Deficit Widens in July 2012  
In seasonally adjusted terms, Australia's balance on goods and services was a deficit of $556m in July 2012, a rise of $329m (145%) on the deficit in June 2012.
Thursday September 06 2012
Australia's Unemployment Decreases to 5.1% in August  
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage point to 5.1 per cent in August, as announced by the Australian Bureau of Statistics (ABS) on September 6th.
Wednesday September 05 2012
Australia's Economic Growth Remains Solid in Q2  
The gross domestic product in Australia was up a seasonally adjusted 0.6 percent in the second quarter of 2012. On a yearly basis, GDP expanded 3.7 percent, slowing from 4.3 percent in the previous three months.
Tuesday September 04 2012
Australia Keeps Rates Unchanged  
Australia's central bank held interest rates unchanged at 3.50 percent for a third consecutive month on September 4th, saying domestic indicators were encouraging despite a weakening global outlook.
Thursday August 09 2012
Australia's Unemployment at 5.2% in July  
Australia's seasonally adjusted unemployment rate was at 5.2 per cent in July, as announced by the Australian Bureau of Statistics (ABS) on August 9th.
Tuesday August 07 2012
Australia Keeps Rates Unchanged  
Australia’s central bank kept interest rates unchanged at a developed-world high, citing a domestic expansion that's weathering a global slowdown.
Wednesday July 25 2012
Australian Inflation Rate Down to 1.2 in Q2  
Australian Inflation rose 1.2% through the year to the June quarter 2012, compared with a rise of 1.6% through the year to the March quarter 2012.
Thursday July 12 2012
Australia's Unemployment Rate Up to 5.2% in June  
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in June, as announced by the Australian Bureau of Statistics (ABS) on July 12th.
Monday July 09 2012
RBA Keeps Cash Rate Unchanged  
At its meeting on July 3rd, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 3.50 per cent.
Monday July 09 2012
Australian Trade Deficit Widens in May  
In seasonally adjusted terms, the balance on goods and services was a deficit of $285m in May 2012, a rise of $259m on the deficit in April 2012.
Saturday June 09 2012
Australian Trade Deficit Narrows in April  
In seasonally adjusted terms, the balance on goods and services was a deficit of $203m in April 2012, a fall of $1,079m on the deficit in March 2012.
Tuesday June 05 2012
Australia Cuts Cash Rate to 3.5%  
At its meeting on June 5th, the Reserve Bank of Australia's Board decided to lower the cash rate by 25 basis points to 3.50 per cent, effective 6 June 2012.
Thursday May 10 2012
Australia's Unemployment Down to 4.9% in April  
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.
Tuesday May 08 2012
Australia Reports Trade Deficit for Third Month  
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.
Tuesday May 01 2012
Australia Cuts Rates to 3.75%  
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.
Tuesday April 24 2012
Australian Annual Inflation Down to 1.6% in Q1  
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.
Thursday April 12 2012
Australia's Unemployment Rate Steady at 5.2% in March  
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.
Wednesday April 04 2012
Australia Reports Trade Deficit in February  
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.
Tuesday April 03 2012
Reserve Bank of Australia Leaves Interest Rates Steady  
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.
Friday March 09 2012
Australia Reports Trade Deficit in January  
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.
Thursday March 08 2012
Australia's Unemployment Rate Up to 5.2% in February  
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.
Wednesday March 07 2012
Australia's GDP Growth Slows in Q4  
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.
Tuesday March 06 2012
RBA Holds Interest Rates Steady  
The Reserve Bank of Australia has held interest rates steady because its expects growth will be close to trend and inflation close to its target two to three percent range
Thursday February 16 2012
Australia's Unemployment Rate Down to 5.1% in January  
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 5.1 per cent in January, as announced by the Australian Bureau of Statistics (ABS).
Friday February 10 2012
Australia Keeps Interest Rate At 4.25%  
Reserve Bank of Australia left official interest rates steady at 4.25 percent, saying global conditions had, on balance, improved and local growth and inflation were close to target.
Tuesday February 07 2012
Australia Holds Interest Rate at 4.25%  
Australia unexpectedly kept interest rates unchanged as two cuts late last year help the economy weather Europe’s debt crisis, sending the nation’s currency soaring to a six-month high.
Thursday February 02 2012
Australian Trade Surplus Widens in December  
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,709m in December 2011, a rise of $366m on the surplus in November 2011.
Wednesday January 25 2012
Australia's Inflation Rate Eases Further in Q4  
The CPI rose 3.1% through the year to the December quarter 2011, compared with a rise of 3.5% through the year to the September quarter 2011.
Thursday January 19 2012
Australia Unemployment Rate Unchanged in December  
Australia unemployment rate remained steady at 5.2% in December. Employment decreased 29,300 (0.3%) to 11,421,300.
Friday January 06 2012
Australia's Trade Surplus Narrows in November  
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,380m in November 2011, a fall of $38m on the surplus in October 2011.
Monday December 12 2011
Australia's Trade Surplus Shrinks in October  
Australia's trade surplus narrowed by more than expected in October as imports outpaced a flat export performance, and further slippage looms as Europe's crisis hits trade finance while China's growth cools.
Thursday December 08 2011
Australia's Unemployment Rate Up to 5.3% in November  
Australia's unemployment rate unexpectedly rose to 5.3 percent in November, with the number of people in work falling as businesses cut costs.
Wednesday December 07 2011
Australia's GDP Grows 1% in Q3  
In seasonally adjusted terms, Australia's GDP increased 1.0% in the September quarter, through the year GDP growth was 2.5%.
Tuesday December 06 2011
Australia Cuts Interest Rate to 4.25%  
Australia's central bank cut its benchmark interest rate by a quarter percentage point, the second such move in two months as concern mounts over the fragile global economy.
Thursday November 10 2011
Australia's Unemployment Rate Stable at 5.2%  
Australia's unemployment decreased 5,700 (0.9%) to 630,800. The number of persons looking for part-time work decreased 15,400 to 165,800 and the number of persons looking for full-time work increased 9,800 to 465,000.
Tuesday November 08 2011
Australia's Trade Surplus Narrows in September  
In seasonally adjusted terms, the balance on goods and services was a surplus of $2,564m in September 2011, a fall of $389m on the surplus in August 2011.
Wednesday October 26 2011
Australia's Inflation Rate Eases in Q3  
The CPI rose 3.5% from the September quarter 2010 to the September quarter 2011, compared with a rise of 3.6% from the June quarter 2010 to the June quarter 2011.
Thursday October 13 2011
Australia's Unemployment Rate at 5.2% in September  
The seasonally adjusted Australian unemployment rate was 5.2 per cent in September, the Australian Bureau of Statistics (ABS) announced on October 13.
Tuesday October 04 2011
Australia's Trade Surplus Widens in August  
Australia's trade surplus surged in August as exports of coal and other minerals increased despite concerns of a global slowdown.
Tuesday October 04 2011
Australia Keeps Cash Rate Unchanged  
At its meeting on October 4th, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 4.75 per cent. Yet, the central bank signaled it has scope to lower the nation’s benchmark interest rate if necessary as inflation pressures ease.
Monday September 12 2011
Australia's Trade Surplus Widens in July  
Australia posted its fifth monthly trade surplus in a row in July, after a small deficit in February linked to floods and other weather-related disruptions.
Thursday September 08 2011
RBA Keeps Interest Rate Unchanged  
At its meeting on September 6, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 4.75 per cent.
Thursday September 08 2011
Australia's Unemployment Rate Rises to 5.3% in August  
The seasonally adjusted Australian unemployment rate increased 0.1 percentage points to 5.3 per cent in August, as announced by the Australian Bureau of Statistics (ABS) on September 9.
Thursday August 11 2011
Australia's Unemployment Rate Raises to 5.1% in July  
The seasonally adjusted Australian unemployment rate increased 0.2 percentage points to 5.1 per cent in July, as announced by the Australian Bureau of Statistics (ABS).
Wednesday August 03 2011
Australia's Trade Surplus Widens in June  
In seasonally adjusted terms, the balance on goods and services was a surplus of $2,052m in June 2011, a fall of $647m on the surplus in May 2011.
Tuesday August 02 2011
Australia Keeps Interest Rate Steady  
The Reserve Bank of Australia (RBA) left the cash rate at 4.75 percent in a widely expected move.
Wednesday July 27 2011
Australia's Inflation Rate Rises to 3.6%  
Australia's Consumer Price Index rose 3.6% through the year to the June quarter 2011, compared with a rise of 3.3% through the year to March quarter 2011.
Thursday July 07 2011
Australia's Unemployment Steady at 4.9% in June  
The seasonally adjusted Australian unemployment rate was steady at 4.9 per cent in June, as announced by the Australian Bureau of Statistics (ABS) on July 7.
Tuesday July 05 2011
Australia's Trade Surplus Widens in May  
Australia's balance of goods and services was a surplus of $2.333 billion in May, seasonally adjusted, compared with an upwardly revised surplus of $1.617 billion in April, the Australian Bureau of Statistics (ABS) said on July 5.
Tuesday July 05 2011
Australia Leaves Intrest Rate Unchanged  
The Reserve Bank of Australia left the official cash rate unchanged for the seventh time since November at 4.75% saying it now believed domestic growth was 'unlikely to be as strong as earlier forecast'.
Thursday June 09 2011
Australia’s Unemployment Rate Held Steady in May  
Australia’s jobless rate held steady at 4.9% in May, while slower jobs growth pushed back the likelihood of another interest-rate hike by the nation’s central bank anytime soon.
Tuesday June 07 2011
Australia Keeps Cash Rate on Hold  
Australia held official interest rates steady at 4.75 percent on June 7, saying floods and cyclones had thrown the economy into reverse and Europe remained plagued by debt fears.
Thursday June 02 2011
Australia's Foreign Trade Shows Recovery  
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,597m in April 2011, a fall of $94m on the surplus in March 2011.
Wednesday June 01 2011
Australian Economy Contracts 1.2% in Q1  
Australia's economy suffered its biggest contraction in 20 years in the first quarter as resource exports collapsed due to floods in a major coal-producing region, exposing the nation's growing dependence on mining revenue.
Thursday May 12 2011
Australia's Unemployment Rate Steady at 4.9% in April  
The seasonally adjusted Australian unemployment rate was steady at 4.9 per cent in April, as announced by the Australian Bureau of Statistics (ABS) on May 12.
Tuesday May 10 2011
Australia Reports Trade Surplus in March  
Australia's balance on goods and services in seasonally adjusted terms was a surplus of A$1,740m in March 2011, a turnaround of A$1,827m on the revised deficit in February 2011.
Tuesday May 03 2011
Australia Leaves Interest Rate Unchanged  
Reserve Bank of Australia decided on May 2 to leave its benchmark interest rate at 4.75 percent as a record-high currency helped contain the temporary spike in consumer prices due to natural disasters.
Wednesday April 27 2011
Australia Inflation Jumps to 3.3% in Q1  
Australia Consumer Price Index rose 3.3% through the year to March quarter 2011, compared with a rise of 2.7% through the year to December quarter 2010.
Thursday April 07 2011
Australia's Unemployment Drops to 4.9% in March  
The seasonally adjusted Australian unemployment rate decreased 0.1 percentage points to 4.9 per cent in March, as announced by the Australian Bureau of Statistics (ABS) on April 7.
Tuesday April 05 2011
Australia Reports Trade Deficit in February  
In seasonally adjusted terms Australia recorded a trade deficit of $205m in February 2011, a turnaround of $1,638m on the revised surplus in January 2011.
Tuesday April 05 2011
RBA Leaves Interest Rate Unchanged  
At its meeting on April 5, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 4.75 per cent.
Thursday March 10 2011
Australia's Unemployment Rate Unchanged in February  
The Australian unemployment rate stood unchanged at 5.0 per cent seasonally adjusted in February, as announced by the Australian Bureau of Statistics (ABS) on March 10.
Thursday March 03 2011
Australian Trade Surplus Narrows in January  
In seasonally adjusted terms, the balance on goods and services in Australia was a surplus of $1,875m in January 2011, a decrease of $143m on the surplus in December 2010.
Wednesday March 02 2011
Australia Leaves Interest Rate Unchanged  
Reserve Bank of Australia decided on March 1 to maintain its benchmark interest rate unchanged at 4.75%.
Wednesday March 02 2011
Australian Economy Grows 0.7% in Q4  
In Australia, in seasonally adjusted terms, GDP increased 0.7% in the December quarter, while non-farm GDP rose 0.8%. Through the year GDP growth was 2.7%.
Thursday February 10 2011
Australia's Unemployment Rate Unchanged in January  
The Australian unemployment rate stood at 5.0 per cent in January, as announced by the Australian Bureau of Statistics on February 10.
Thursday February 03 2011
Australia's Trade Surplus Drops in December  
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,981m in December 2010, a decrease of $97m on the surplus in November 2010.
Wednesday February 02 2011
Australia Leaves Interest Rate at 4.75%  
Reserve Bank of Australia decided on February 1 to maintain its benchmark interest rate unchanged at 4.75%, meeting the expectation of financial markets and the majority of economists.
Tuesday January 25 2011
Australian Inflation Rises 2.7% in 2010  
The ABS Consumer Price Index rose 2.7% through the year to December quarter 2010, compared with a rise of 2.8% through the year to September quarter 2010.
Tuesday January 25 2011
Australian Inflation Rises 2.7% in 2010  
The ABS Consumer Price Index rose 2.7% through the year to December quarter 2010, compared with a rise of 2.8% through the year to September quarter 2010.
Tuesday January 25 2011
Australian Inflation Rises 2.7% in 2010  
The ABS Consumer Price Index rose 2.7% through the year to December quarter 2010, compared with a rise of 2.8% through the year to September quarter 2010.
Thursday January 13 2011
Australia's Unemployment Rate Drops to 5% in December  
Australia's unemployment rate decreased 0.2 percentage points to 5.0 per cent in December 2010 (seasonally adjusted).
Wednesday January 12 2011
Australia's Trade Surplus Decreases in November  
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,925m in November 2010, a decrease of $636m on the surplus in October 2010.
Friday December 10 2010
Australia's Unemployment Rate Drops to 5.2%  
The Australian unemployment rate decreased 0.2 percentage points to 5.2 per cent in November, as announced by the Australian Bureau of Statistics on December 9.
Tuesday December 07 2010
Australia Leaves Interest Rate at 4.75%  
Reserve Bank of Australia decided on December 7 to maintain its benchmark interest rate unchanged at 4.75%, in line with expectations, as it assessed the impact of its preemptive rate rise last month.
Thursday December 02 2010
Australia's Trade Surplus Widened in October  
In seasonally adjusted terms, the balance on goods and services was a surplus of $2,625m in October 2010, an increase of $811m on the surplus in September 2010.
Thursday December 02 2010
Australia GDP Slows to 0.2% in Third Quarter  
Australia's economy grew at its slowest pace in nearly two years in the third quarter, as global volatility and a soaring currency weighed on exports, pushing the country's dollar sharply lower Wednesday.
Thursday November 04 2010
Australian Trade Surplus Narrows as Coal Exports Fall  
Australia’s trade surplus narrowed in September as exports of coal and iron ore fell, and imports of machinery and industrial equipment increased.
Tuesday November 02 2010
Australia Raises Interest Rate to 4.75%  
Australia's central bank jacked up its key interest rate in a surprise move Tuesday, Nov. 2, 2010 that aims to ward off higher inflation as the nation's economy booms amid strong Asian demand for iron ore and other minerals.
Monday November 01 2010
Australia Inflation Rises  
Australia’s consumer price index rose 0.7 percent in the third quarter from the previous three months, the Bureau of Statistics said. Consumer prices advanced 2.8 percent from a year earlier.
Thursday September 09 2010
Australian Unemployment Falls  
The Australian unemployment rate declined to 5.1% in August, according to data released by the Australian Bureau of Statistics, a drop that surpassed economist expectations.
Thursday September 09 2010
Australian Unemployment Falls  
The Australian unemployment rate declined to 5.1% in August, according to data released by the Australian Bureau of Statistics, a drop that surpassed economist expectations.
Tuesday September 07 2010
Australia Extends Rate Pause  
Australia’s central bank extended its pause in raising interest rates “for the time being” as concern that the global economic recovery may falter trumped evidence of an accelerating expansion at home.
Sunday September 05 2010
Australia Reports Trade Surplus of $1.71 Billion in July  
Australia’s trade surplus narrowed by more than economists forecast in July as exports of coal and iron ore fell, while imports rose.
Tuesday August 31 2010
Australian Economic Growth Accelerates  
Australia’s economy grew at the fastest pace in three years last quarter, stoked by China’s demand for iron ore.
Thursday August 12 2010
Australian Unemployment Rises in July  
Australia's unemployment rate rose to 5.3 percent in July as the number of people entering the work force outpaced growth in new jobs.
Thursday August 05 2010
Australia's Growth May Gain Momentum by the End of This Year  
In 2009, unlike many other major economies, Australia recorded year-over-year growth due to a strong banking system and successful monetary and fiscal policy. And although the pace of expansion in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.
Wednesday August 04 2010
Commodities Drive Record Australia Trade Surplus  
Australia posted a record monthly trade surplus of 3.54 billion dollars (3.12 billion US) in June, as the resource-rich country enjoys a return to boom conditions.
Tuesday August 03 2010
Australia Keeps Key Rate at 4.5%  
Australia’s central bank kept interest rates unchanged for a third month after slower inflation and diminished financial risks abroad left officials with little need for any shift in policy.
Wednesday July 28 2010
Australia Inflation Cools  
Australian consumer prices rose by much less than expected last quarter while core inflation slowed to its lowest in over three years, all but ruling out the need for an interest rate rise next week and possibly for the rest of the year.
Tuesday July 06 2010
Australia's Trade Surplus Widens in May  
Australia’s trade surplus widened in May as exports of coal and gold climbed on demand from Asia, outpacing a gain in imports.
Tuesday July 06 2010
Australia Keeps Interest Rate at 4.5%  
Australia’s central bank paused in raising borrowing costs for a second month, and dropped a reference to the level of its benchmark being appropriate for the “near term,” citing concern about the global outlook.
Thursday June 24 2010
Australia's Growth May Gain Momentum by the End of This Year  
Australia has weathered the global downturn much better than other major economies. In fact, Australia’s managed to record year-over-year growth in 2009 due to a strong banking system and successful monetary and fiscal policy. In this article we argue that although the expansion recorded in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.
Thursday June 10 2010
Australia Added 26,900 Jobs in May  
Australian employers added workers in May for a third straight month, underscoring the central bank’s assessment that economic growth will accelerate this year as a mining investment boom stokes hiring.
Thursday June 03 2010
Australian Exports Jump Most in Three Decades  
Australian exports excluding farm goods surged by the most in almost three decades in April as shipments of iron ore and coal to China pushed the trade balance to a surplus for the first time in 12 months.
Wednesday June 02 2010
Australian GDP Grows for Fifth Quarter  
The Australian economy grew at a much slower pace in the first quarter than at the end of last year as the withdrawal of economic stimulus, surprise weakness in business investment and sluggish growth in export volumes took some of the steam out of activity.
Tuesday June 01 2010
Australia Keeps Benchmark Interest Rate at 4.5%  
Australia’s central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20.
Thursday May 13 2010
Australia Employment Rises for Second Month  
Australia’s job growth accelerated in April, propelled by full-time employment, indicating diminished slack in an economy fueled by resource shipments to China.
Saturday May 08 2010
Australia's Trade Deficit Widens in March  
Australia’s trade deficit widened in March for a third month as exports of coal fell and oil imports rose, a sign domestic demand continues to spur the economy.
Tuesday May 04 2010
Australia Raises Key Interest Rate to 4.5%  
Australia’s central bank increased the benchmark interest rate for the sixth time since early October after policy makers raised their outlook for inflation and judged the nation is insulated from Greece-sparked debt woes.
Wednesday April 28 2010
Australia Inflation Accelerates to 0.9%  
Australia’s inflation rate almost doubled in the first quarter to 0.9 percent, making it more likely that the central bank will keep raising borrowing costs.
Thursday April 08 2010
Australia Jobless Rate Holds at 5.3%  
Australian employers added more workers in March, keeping the unemployment rate at almost half the level of the U.S. and Europe and underscoring central bank Governor Glenn Stevens’ decision to boost borrowing costs.
Tuesday April 06 2010
Australia Raises Interest Rate to 4.25%  
Australia’s central bank raised its benchmark interest rate to 4.25 percent and signaled further increases, dismissing warnings that higher borrowing costs are already eroding consumer spending.
Thursday April 01 2010
Australia’s Trade Deficit Widens  
Australia’s trade deficit widened more than economists expected in February as coal exports declined and imports of machinery rose.
Wednesday March 10 2010
Australian Employment Rose Less Than Expected  
Australian employers added fewer workers in February than economists forecast, giving central bank Governor Glenn Stevens scope to slow the pace of future interest-rate increases.
Wednesday March 03 2010
Australia’s January Trade Deficit Narrows  
Australia’s trade deficit narrowed in January to the smallest gap in seven months as exports of iron ore rose and imports of gasoline declined.
Wednesday March 03 2010
Australia GDP Growth Accelerated to 0.9% Last Quarter  
Australia’s economy grew last quarter at the fastest pace in almost two years, underscoring the central bank’s decision yesterday to boost borrowing costs for the fourth time in five meetings
Monday March 01 2010
Australia Raises Key Interest Rate to 4%  
Australia’s central bank resumed raising interest rates after a one-meeting pause, judging that the economy is strong enough to withstand any impact from global investor concerns on sovereign debt risks.
Wednesday February 10 2010
Australia's Jobless Rate Drops to 5.3%  
Australian employers added workers for a fifth straight month in January and the jobless rate fell 0.2 percentage points from December 2009.
Thursday February 04 2010
Australia's Monetary Policy Has Been Driven By China’s Growth  
In February, the Reserve Bank of Australia left interest rates unchanged despite of an influx of indicators pointing to growth acceleration and price pressures. Yet, after an explanation given by governor Stevens, it became clear that this unexpected decision was mainly prompted by recent Chinese easing of economic stimulus measures.
Tuesday February 02 2010
Australian Trade Deficit Widens  
Australia’s trade deficit widened in December as imports of goods including gasoline surged the most in almost two years, adding to evidence of an economic rebound.
Monday February 01 2010
Australia Leaves Interest Rate Unchanged  
At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 3.75 per cent.
Tuesday January 26 2010
Australian Inflation Rises 0.5%  
Australia's inflation rate picked up in the December quarter as food prices rose, adding to the likelihood of a rate hike.
Wednesday January 13 2010
Australian Employers Add 35,200 Workers  
Australian employment soared for a fourth straight month as companies added three times more jobs than economists estimated.
Thursday January 07 2010
Australia’s November Trade Deficit Narrows  
Australia’s trade deficit narrowed in November as iron ore and farm exports jumped, while imports fell.
Tuesday December 15 2009
Australian Economy Grew 0.2%  
Australia’s economy expanded in the three months through September for a third straight quarter, boosted by government spending on roads, ports and schools.
Wednesday December 09 2009
Australian Employment Soars  
Australian employment soared for a third straight month as companies added six times more jobs than economists estimated.
Tuesday December 08 2009
Australia Trade Deficit Soars  
Australia posted a trade deficit of A$2.38 billion in October, compared to A$1.85 billion in the previous month. Both the exports and imports were down 3.0% and 1.0% respectively in the month.
Tuesday December 01 2009
Australia Increases Interest Rate to 3.75%  
Australia’s central bank raised its benchmark interest rate by a quarter percentage point for an unprecedented third straight month as evidence mounts that the nation’s economy is strengthening.
Thursday November 12 2009
Australian Employment Surges  
Australian employers unexpectedly added workers in October, pushing the nation’s currency to its highest level this year on speculation the central bank will raise interest rates for a record third straight month.
Monday November 09 2009
Australia’s Economic Miracle Will be Damaged by Rate Hikes  
In December, Australia's central bank raised interest rates for the third consecutive time. But making credit more expensive in the wake of a still weak recovery may prove to be very damaging for the Australian economy.
Thursday November 05 2009
Australian Exports Jump Most in 11 Months  
Australian exports rose in September by the most in almost a year, underpinning an economic rebound that prompted central bank Governor Glenn Stevens to lead the world in raising interest rates.
Monday November 02 2009
Australia Raises Key Rate to 3.5%  
Australia’s central bank raised its benchmark interest rate by a quarter percentage point, the second increase in four weeks, amid signs the economy is strengthening.
Tuesday October 27 2009
Australian Inflation Cools to Slowest Pace in Decade  
Australian inflation cooled to the slowest pace in 10 years, easing pressure on central bank Governor Glenn Stevens to increase the benchmark lending rate by a half point next week.
Thursday October 08 2009
Australian Unemployment Falls  
Australia’s jobless rat unexpectedly fell to 5.7 per cent in September, after employers hired more than 35,000 full-time workers.
Tuesday October 06 2009
Australia’s Trade Deficit Narrows  
Australia’s trade deficit narrowed in August as a decline in imports of oil and consumer goods outpaced a drop in exports including coal.
Tuesday October 06 2009
Australia Raises Rate From 49-Year Low  
Australia’s central bank unexpectedly raised its benchmark interest rate from a 49-year low and signaled further increases in coming months amid signs the economy is strengthening.
Wednesday September 16 2009
Will Australia’s Recovery Stop With Fading Stimulus Package?  
In the second quarter of 2009, Australia’s economy grew 0.6% from a year earlier boosted by a significant fiscal stimulus. But is the Australian economy able to keep current pace of expansion once the stimulus wanes?
Thursday September 10 2009
Australia Cuts Jobs as Stimulus Wanes  
Australian employment fell in August by almost twice as much as economists estimated, driving down the nation’s currency on expectations the central bank won’t raise interest rates anytime soon.
Wednesday September 02 2009
Australia’s July Trade Deficit Widens  
Australia’s trade deficit widened in July as exports fell and imports of oil and consumer goods rose.
Wednesday September 02 2009
Australian Economic Growth Accelerates  
Australia’s economic growth unexpectedly accelerated in the second quarter, driving the nation’s currency higher on expectations the central bank will raise borrowing costs from a half-century low.
Tuesday September 01 2009
Australia Keeps Key Interest Rate Unchanged  
Australia’s central bank kept interest rates unchanged for a fifth month to spur an economy that probably cooled in the second quarter
Thursday August 06 2009
RBA Says Next Australian Rate Move May Be an Increase  
Australia’s central bank said its next move on interest rates is likely to be an increase after it scrapped a prediction the economy will fall into a recession.
Wednesday August 05 2009
Australian Employers Unexpectedly Add 32,200 Workers  
Australian employers unexpectedly added workers in July, driving up the nation’s currency on speculation the central bank will raise borrowing costs by the end of the year.
Wednesday August 05 2009
Australia’s Trade Gap Unexpectedly Narrows  
Australia’s trade deficit unexpectedly narrowed in June as exports including gold rose and imports stagnated.
Tuesday August 04 2009
Australia Keeps Key Interest Rate Unchanged  
Australia’s central bank kept interest rates unchanged at 3% for a fourth month as evidence mounts that the lowest borrowing costs in half a century are helping the economy rebound from the global recession.
Tuesday July 21 2009
Australian Inflation Rises 0.5%  
Australian consumer prices rose in the three months through June, stoking speculation the central bank has finished a record round of interest-rate cuts.
Wednesday July 08 2009
Australian Employers Cut 21,400 Jobs  
Australian employment fell in June as the global recession reduced demand for exports such as iron ore and coal, prompting mining companies to fire workers.
Tuesday July 07 2009
Australia Keeps Rate at 3%  
Australia’s central bank kept interest rates unchanged for a third month amid signs the lowest borrowing costs in half a century and government spending are helping the economy skirt the global recession.
Thursday July 02 2009
Australia’s Trade Deficit Widens  
Australia’s trade deficit widened in May as a drop in coal shipments pushed exports to the lowest level in 14 months, signaling economic growth may slow.
Thursday June 11 2009
Australia Lost Fewer Than Estimated Jobs  
Australian employers cut fewer workers than estimated in May, adding to signs the economy may recover faster than other developed nations.
Thursday June 04 2009
Australia Unexpectedly Posted Trade Deficit in April  
Australia’s trade balance unexpectedly turned to a deficit in April as lower prices for coal and iron ore led to the biggest slump in exports since 1997.
Thursday June 04 2009
Is Australia on the Way to Recovery?  
In the first quarter of 2009, the Australian GDP unexpectedly rebounded, growing at 0.4 percent. Is this temporary improvement or the indication of stable recovery?
Tuesday June 02 2009
Australia's Economy Unexpectedly Expanded  
Australia’s economy has defied a global recession that has swamped the U.S., the U.K. and Japan, unexpectedly expanding in the first quarter on rising exports and consumer spending.
Tuesday June 02 2009
Australia Keeps Benchmark Rate at 3%  
Australia’s central bank kept interest rates unchanged for a second month and said it has scope to cut them from a 49-year low to revive an economy that probably fell into its first recession in two decades.
Friday May 08 2009
Australia is Fighting Recession  
In a May Statement on Monetary Policy the Australia’s central bank said the nation’s economy will shrink 1.25 percent in the 12 months through June before the “gradual” recovery in 2010. But comparing with other countries outlooks the Australian downturn looks relatively moderate. Why Australia is doing better than other developed economies?
Wednesday May 06 2009
Australian Employers Unexpectedly Add 27,300 Workers  
Australian employers unexpectedly added workers in April and the jobless rate fell, supporting central bank Governor Glenn Stevens’ view that the nation’s economy will skirt the worst of the global recession.The jobless rate fell to 5.4 percent from 5.7 percent.
Tuesday May 05 2009
Australia March Trade Surplus Widens  
Australia’s trade surplus unexpectedly widened in March for a third month as imports fell and farm exports rose.
Tuesday May 05 2009
Australia Leaves Key Interest Rate Unchanged at 3%  
Australia’s central bank kept its benchmark interest rate unchanged to gauge whether the lowest borrowing costs in 49 years and government spending will pull the economy out of its first recession in two decades.
Wednesday April 22 2009
Australian Inflation Slows to 2.5%  
Australia’s annual inflation rate slowed in the first quarter to the weakest pace in 18 months as the nation’s first recession in almost two decades deepens.
Wednesday April 08 2009
Australia Jobless Rate Jumps Most in 18 Years  
Australia’s unemployment rate jumped by the most in 18 years in March, adding to signs the nation is in its first recession in almost two decades.
Tuesday April 07 2009
Australia Cuts Rate to 49-Year-Low 3%  
Australia’s central bank cut its benchmark interest rate to a 49-year low after policy makers signaled the economy faces its first recession since 1991.
Thursday April 02 2009
Australia’s Trade Surplus Widens  
Australia’s trade surplus unexpectedly widened in February as imports of consumer goods fell and exports of gold surged.
Wednesday March 11 2009
Australian Jobless Rate Climbs to 4-Year High of 5.2%  
Australia’s jobless rate rose in February to the highest in four years as companies fired full- time workers, adding to signs the nation may be in its first recession in almost two decades.
Sunday March 08 2009
Australia’s Is Fighting Recession (Update)  
For the first time in eight years, Australia’s economy unexpectedly shrank in the fourth quarter of 2008. Could Australia fallow other major economies and deepen into recession or is it just temporary deterioration in economic activity?
Wednesday March 04 2009
Australia’s Trade Surplus Widens  
Australia’s trade surplus widened in January as falling imports, including cars, outpaced a drop in exports.
Tuesday March 03 2009
Australian Economy Shrinks  
Australia’s economy unexpectedly shrank in the fourth quarter for the first time in eight years as exports and housing slumped, increasing pressure on the central bank to add to a record round of interest-rate cuts.
Monday March 02 2009
Australia Keeps Rates Unchanged  
At its meeting on March 3, the Reserve Bank of Australia Board decided to leave the cash rate unchanged at 3.25 per cent.
Wednesday February 11 2009
Australian Employers Unexpectedly Add 1,200 Workers  
Australian employers unexpectedly added workers in January, a sign the economy may avoid a recession that is gripping the U.S., U.K., Europe and Japan.
Monday February 02 2009
Australia’s Trade Surplus Narrows  
Australia’s trade surplus narrowed in December by more than economists forecast as coal and metal exports declined.
Monday February 02 2009
Australia Cuts Interest Rate by 100 Basis Points  
Australia’s central bank cut borrowing costs to 3.25 per cent, the lowest level since the 1960s, as waning consumer confidence, falling house prices and job losses stoke speculation the nation is in its first recession since 1991.
Monday February 02 2009
Australia May Cut Rates to Lowest Since 1964  
Australia’s central bank may cut borrowing costs to the lowest level since the 1960s as waning consumer confidence, falling house prices and job losses stoke speculation the nation is in its first recession since 1991.
Wednesday January 28 2009
Australian Inflation Decline  
Australian consumer prices declined by the most in 11 years last quarter, increasing scope for the central bank to cut interest rates as evidence mounts the economy is heading for its first recession since 1991.
Friday January 23 2009
Australia is Fighting Recession  
Australia's economy is in a severe downturn after seventeen years of continuous growth and we believe 2009 may be the most challenging year for the country since the 1991/92 recession.
Wednesday January 14 2009
Australia’s Jobless Rate Climbs  
Australia’s unemployment rate rose to the highest in almost two years as mining companies, airlines, and automakers fired full-time workers, adding to signs the economy faces its first recession since 1991.
Thursday January 08 2009
Australia’s Trade Surplus Narrows  
Australia’s trade surplus narrowed in November by more than economists forecast as iron ore and coal exports fell and imports gained.
Wednesday December 10 2008
Australia Jobless Rate Rises  
Australia’s jobless rate climbed to the highest in a year as employers cut part-time workers in November, adding to signs the economy may follow Japan, the U.S. and Europe into a recession.
Thursday December 04 2008
Australia’s Trade Surplus Widens  
Australia posted a record trade surplus in October, twice as large as economists forecast, as coal exports surged and import growth stagnated.
Tuesday December 02 2008
Australia’s Economy Grows 0.1%  
Australia’s economy grew last quarter at the weakest pace in eight years as household spending stalled, increasing pressure on the central bank to add to the biggest round of interest-rate cuts since a recession in 1991.
Monday December 01 2008
Australia Cuts Rates by One Point  
Australia’s central bank cut its benchmark interest-rate by one percentage point, extending the biggest round of reductions since a recession in 1991.
Monday November 10 2008
RBA Ready to Cut Rates Again  
Australia's central bank signaled it's prepared to add to the most aggressive interest-rate cuts in 17 years as it tries to ensure the economy sidesteps a looming global recession.
Thursday November 06 2008
Australian Employment Surged  
Australian employment unexpectedly surged in October by the most in six months, a sign lower interest rates, government handouts and exports may help the economy sidestep a global recession.
Tuesday November 04 2008
Australia Cuts Rate by 75bp  
Australia's central bank cut its benchmark interest rate by a larger-than-expected three quarters of a percentage point, the third reduction in as many months, amid evidence global financial turmoil is buffeting the economy.
Tuesday October 21 2008
Australian Inflation Reaches 5%  
Australia's annual inflation accelerated in the third quarter to the fastest pace since 2001, driven by costs for housing and food.
Wednesday October 15 2008
Can Australia Avoid Severe Recession?  
Although Australia is at its 17th year of continuous growth, some signs of a slowdown are becoming more visible. Can one of the strongest economies in the world avoid a major slowdown and a possible recession?
Wednesday October 08 2008
Australia's Jobs Growth Slows as Economy Weakens  
Australian employers hired fewer workers in September as the nation's 17-year economic expansion slows amid a drop in consumer spending.
Monday October 06 2008
Australia Cuts Rate by 100 Basis Points  
At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.
Wednesday October 01 2008
Australia's Trade Balance Turns to Surplus  
Australia's trade balance turned to a surplus in August as coal exports rose and imports fell.
Wednesday September 17 2008
Australian Dollar Rally After U.S. Rescue of AIG  
The Australian dollar rallied against the U.S. and Japanese currencies after the U.S. government agreed to take over American International Group Inc. to save it from collapse.
Thursday September 11 2008
Australian Employment Rises  
Australian employers hired almost three times as many workers in August as economists forecast, adding to evidence a mining boom is helping offset weaker domestic demand.
Tuesday September 02 2008
Australia's Economic Growth Slows to 0.3%  
Australia's economic expansion slowed in the second quarter to the weakest pace in two years as consumers reduced spending, reinforcing the central bank's decision to cut interest rates for the first time since 2001.
Tuesday September 02 2008
Australia Cuts Rates  
Australia’s central bank cut its benchmark interest rate for the first time in nearly seven years as it responded to an easing in inflationary pressure and weakening economic growth.
Sunday August 31 2008
Australian Dollar Falls  
The Australian dollar dropped to its lowest level in four months against the yen as a slide in U.S. and Asian stocks prompted investors to pare holdings of higher- yielding investments funded in Japan.
Thursday August 28 2008
Australian, NZ Dollars Are Poised for Monthly Decline  
The Australian dollar fell, headed for the biggest monthly loss in 22 years, on speculation the nation's interest-rate advantage over the U.S. will narrow. New Zealand's dollar headed for a third monthly loss.
Thursday August 28 2008
Australian Dollar Gains  
The Australian dollar rose after a government report showed business investment increased almost three times as much as economists estimated in the second quarter.
Tuesday August 26 2008
Australian, N.Z. Dollars Rise  
The Australian dollar climbed from its weakest level in 11 months and the New Zealand dollar rose from near a two-week low as stocks advanced, giving investors more confidence to buy higher-yielding assets.
Monday August 25 2008
Australian Dollar Falls for Second Day  
The Australian dollar fell for a second day on speculation a decline in commodity prices will deter traders from buying the currency.
Thursday August 21 2008
N.Z., Australian Dollars Headed for Weekly Gain  
The New Zealand and Australian dollars headed for a weekly gain on rising commodity prices and prospects for a prolonged U.S. economic slowdown that may prompt the Federal Reserve to delay raising interest rates.
Tuesday August 19 2008
Australian Dollar Rises as Commodities Gain  
The Australian dollar rose as prices of commodities increased, bolstering the outlook for the nation's export earnings.
Tuesday August 19 2008
Australian, N.Z. Dollars Fall  
The Australian and New Zealand dollars fell against the yen on speculation global credit-market losses will temper growth in the South Pacific economies, backing the cases for their central banks to cut interest rates.
Friday August 15 2008
Australian Dollar Declines  
The Australian dollar fell, taking its loss from a 25-year high reached a month ago to 12 percent, as prices of commodities slid and traders bet on lower interest rates.
Wednesday August 13 2008
Australian, N.Z. Dollars Fall  
Australia's dollar fell to a four- month low and New Zealand's dollar dropped to the weakest in almost two years against the yen as commodity prices declined and a Japanese government report showed the economy contracted.
Monday August 11 2008
Australian Dollar Falls to Six-Month Low  
The Australian dollar fell to the lowest in six months after the central bank signaled it may reduce interest rates as economic growth slows.
Monday August 11 2008
Australia Central Bank Says Room to Cut Interest Rate  
Australia's central bank says it will have more room to cut interest rates because a ``significant moderation'' in domestic demand will slow inflation, cut economic growth by half and drive up unemployment.
Thursday August 07 2008
Australian Dollar Extends Loss  
The Australian dollar fell for a ninth day, its longest losing streak since 1980, on speculation the Reserve Bank of Australia will reduce borrowing costs from a 12- year high as a drop in consumer spending cools inflation.
Wednesday August 06 2008
Australian Dollar Falls to Four-Month Low  
The Australian dollar fell to the lowest in more than four months as price indexes for commodities the nation exports slid for a fifth day.
Wednesday August 06 2008
Australian Employment Rises  
Australian employers hired extra workers for a second month in July amid expansion by mining companies that has underpinned economic growth as domestic demand slows.
Wednesday August 06 2008
Australian Dollar Trades Near Four-Month Low  
The Australian dollar traded near the lowest in four months as the yield advantage of the nation's two- year government bonds over U.S. Treasuries shrank to the least this year.
Tuesday August 05 2008
Australian Dollar Falls on Rate-Cut Signal  
The Australian dollar fell to a three- month low after Reserve Bank of Australia Governor Glenn Stevens said inflation may slow, allowing for a ``less restrictive stance'' on interest rates. The New Zealand dollar also declined.
Tuesday August 05 2008
Australia Signals Rate Reduction  
Australia's central bank signaled it may cut borrowing costs for the first time in almost seven years as slowing economic growth cools inflation.
Wednesday July 30 2008
Australian Dollar Falls on Retailing, Credit Data  
Australia's dollar fell after a government report showed retail sales dropped the most in six years, adding to signs the economy is slowing.
Wednesday July 30 2008
Australian Trade Balance Turns to Surplus  
Australia's trade balance turned to a surplus in June as coal and meat exports jumped, bolstering the nation's 17-year economic expansion.
Tuesday July 29 2008
Australia's Dollar Falls to Three-Week Low  
The Australian dollar fell to the lowest in three weeks as prices of commodities the nation exports declined and the U.S. currency rallied in New York.
Monday July 28 2008
Australian, N.Z. Dollars Fall  
The Australian dollar fell to near its lowest in more than two weeks and the New Zealand dollar traded close to a six-month low on concern global credit-market losses will hinder growth in the South Pacific economies.
Monday July 28 2008
Australian Dollar Falls  
The Australian dollar traded near a two-week low after Australia & New Zealand Banking Group Ltd. said it set aside additional funds for bad debts linked to U.S. credit-market losses.
Wednesday July 23 2008
Australian Dollar Falls on Yield Advantage  
The Australian dollar fell the most in more than a month as the yield advantage of the nation's two- year government bonds over similar-maturity U.S. debt narrowed to the least since January. The New Zealand dollar declined.
Tuesday July 22 2008
Australia's Inflation Accelerates  
Australian inflation accelerated in the second quarter to the fastest pace in two years, adding to pressure on the central bank to leave borrowing costs at a 12- year high.
Sunday July 20 2008
Australian Dollar Advances to 8-Month High  
The Australian dollar rose to an eight-month high against the yen on speculation the nation will retain its interest-rate advantage over the U.S. and Japan.
Thursday July 17 2008
Australian, N.Z. Dollar Fall for Third Day  
The Australian and New Zealand dollars fell for a third day as prices of commodities the nations export declined, diminishing the outlook for the South Pacific economies.
Monday July 14 2008
Australian Dollar Advances  
The Australian dollar climbed to a 25-year high on speculation the nations' assets will lure investors as losses at U.S. financial institutions deepen.
Monday July 14 2008
Australian Dollar Gains on Growth View  
The Australian dollar rose on speculation the economy will withstand widening losses among U.S. financial institutions.
Wednesday July 09 2008
Australian Dollar Rises  
The Australian dollar gained against the U.S. currency and bonds fell after a government report showed jobs rebounded in June by three times the amount forecast by economists.
Wednesday July 09 2008
Australia Employers Add 29,800 Jobs  
Australian employment rebounded in June from the first jobs decline in 19 months, a sign a mining boom is underpinning economic growth as domestic demand slows.
Tuesday July 08 2008
Australian Dollar Advance Against Yen  
The Australian dollar gained the most in five days against the yen as equities rose, spurring investors to buy higher-yielding assets funded in Japan.
Sunday July 06 2008
Australian Dollar Trades Near 25-Year High  
The Australian dollar traded near a 25-year high before a government report this week that is forecast by economists to show employment rebounded last month.
Thursday July 03 2008
Australia's Posts Trade Deficit in May  
Australia's trade balance returned to a deficit in May, after the first surplus in six years in April, as oil imports rose.
Wednesday July 02 2008
Australian Dollar Rises  
The Australian dollar rose after retail sales climbed at the fastest pace in six months in May, prompting traders to add to bets the Reserve Bank of Australia will raise interest rates. New Zealand's dollar fell.
Tuesday July 01 2008
Australia Leaves Interest Rate Unchanged at 7.25%  
Australia's central bank left its benchmark interest rate at 7.25 percent today, saying the highest borrowing costs in 12 years and record gasoline prices will slow the economy.
Monday June 30 2008
Australian Dollar Rises to Near 25-Year Highs  
The Australian dollar rose to near a 25-year high as prices of the nation's iron ore and coal exports climbed to records.
Friday June 27 2008
What's next for Australia?  
The Australian economy is visibly slowing down. For instance, annual GDP growth deteriorated to 3.6% in Q1 2008 from a peak of 4.7% in Q3 2007. But how much slowdown should we expect during the next few months?
Tuesday June 24 2008
Australian Dollar Rises on Record Iron Ore  
Australia's dollar rose to a seven- month high against the yen as Rio Tinto Group said China agreed to pay a record price for iron ore. The New Zealand dollar fell versus the U.S. dollar before a report on economic growth.
Sunday June 22 2008
Australian Dollar Climbs  
The Australian dollar rose as the price of commodities that the nations export increased, supporting the outlook for the economy.
Tuesday June 17 2008
Australian Dollar Advances for a Third Day  
The Australian dollar rose for a third day on speculation the nation will maintain its 5.25 percentage point interest-rate advantage over the U.S.
Wednesday June 11 2008
Australia Dollar Falls  
The Australian dollar fell to the lowest in almost a month after a government report showed the first drop in employment since October 2006, prompting traders to reduce bets on the central bank raising interest rates again.
Wednesday June 11 2008
Australia Looses Jobs in May  
Australia unexpectedly lost jobs in May, ending a record 18 months of gains and sending the nation's currency lower on speculation the central bank may not raise interest rates again.
Tuesday June 10 2008
Australian Dollar Slide on Intervention Comments  
The Australian dollar fell the most in 11 weeks after U.S. Treasury Secretary Henry Paulson said he would ``never'' rule out currency intervention.
Wednesday June 04 2008
Australia's Trade Deficit Narrows  
Australia's trade deficit narrowed in April to the smallest gap in 14 months as a surge in coal shipments pushed exports to a record, helping boost an economic expansion in its 17th year.
Tuesday June 03 2008
Australian Dollar Rises  
The Australian dollar rose and bonds fell after a government report showed the economy grew double the pace economists expected in the first quarter, adding to pressure on the central bank to raise interest rates.
Tuesday June 03 2008
Australia's Economy Grows Faster-Than-Expected  
Australia's economy grew twice as fast as economists forecast in the first quarter, driving the nation's currency higher on speculation the central bank may raise interest rates this year.
Tuesday June 03 2008
Australia Leaves Rate Unchanged  
Australia's central bank left its benchmark interest rate at a 12-year high to gauge whether the economy is slowing enough to cool the fastest inflation since 1991.
Wednesday May 28 2008
Australia Dollar Reaches 6-Month High Vs Yen  
The Australian dollar rose to a six- month high against the yen as a reduction in volatility encouraged investors to buy higher-yielding assets funded in the Japanese currency.
Tuesday May 27 2008
Australian Dollar Falls  
The Australian dollar fell from near a 25-year high against the U.S. currency as the prices of commodities the nation exports dropped.
Tuesday May 27 2008
Australian, New Zealand Dollars Advance  
The Australian and New Zealand dollars rose on speculation the extra yields offered by the nations' bonds attracted investors.
Thursday May 22 2008
Australian Dollar Rises to 25-Year High  
The Australian dollar gained to its highest since being allowed to trade freely in 1983 versus the U.S. dollar on speculation the nation's higher-yielding government bonds will draw investors and as commodities rose.
Monday May 19 2008
Australian Dollar Hits 24-year High  
The Australian dollar rose to a 24-year high on Monday as rising commodity prices and a sell-off in the US dollar boosted the currency.
Sunday May 18 2008
Is The Australian Economy Losing Momentum?  
2007 was the 17th year of uninterrupted growth for Australia. But what is likely to happen in 2008? Will the $1 trillion economy lose its momentum? And what may drag the Australian economy down?
Wednesday May 14 2008
Australian Dollar Declines  
The Australian dollar fell for a second day after a government report showed wage growth unexpectedly slowed last quarter, increasing concern economic growth is easing.
Sunday May 11 2008
Australian Dollar Falls  
The Australian dollar fell before a government report that economists said will show home-loan approvals declined for a second month in March, signaling two interest-rate increases this year are slowing the economy.
Thursday May 08 2008
Australian Dollar Heads for Weekly Advance  
The Australian dollar headed for a second weekly advance on speculation the central bank will signal it is concerned about inflation in a monetary policy statement today.
Wednesday May 07 2008
Australian Employment Rises 25,400  
Australian employment rose in April for a record 18th month as mining companies such as BHP-Billiton Ltd. hired workers to meet Chinese demand for iron ore and coal.
Tuesday May 06 2008
Australia Keeps Key Rate Unchanged  
Australia's central bank left interest rates unchanged for a second month, saying there is mounting evidence the highest borrowing costs in 12 years will slow the economy enough to cool the fastest inflation since 1991.
Monday May 05 2008
Australian Trade Deficit Narrows  
Australia's trade deficit narrowed in March as iron ore, coal and wheat exports jumped, stoking an economic expansion in its 17th year.
Sunday May 04 2008
Australian Dollar Gains  
The Australian dollar rose as speculation the U.S. economy will avoid a recession bolstered prices for commodities that are key to the nations' export earnings.
Wednesday April 30 2008
Australian Dollars Fall as Economic Expansion May Slow  
The New Zealand and Australian dollars fell against the yen on concern a global economic slowdown will temper growth in the South-Pacific nations.
Sunday April 27 2008
Australian Dollar Trades Near 2-Month High  
The Australian dollar traded near a two-month high against the yen as rising commodity prices spurred investors to buy higher-yielding assets financed in Japan.
Wednesday April 23 2008
Australian Dollar Rises to 24-Year High  
The Australian dollar climbed to the highest since 1984 after a government report showed CPI rose at the fastest annual rate in seven years, fueling speculation the central bank will resume raising interest rates.
Tuesday April 22 2008
Australian Inflation Accelerates 1.3%  
Australian inflation accelerated at the fastest pace in almost two years, driving the nation's currency to the highest level since 1984 on speculation the central bank won't cut borrowing costs from a 12-year high.
Monday April 21 2008
Australian Dollar Rises as Prices Surge  
The Australian dollar rose after a government report showed producer prices climbed by a record in the first quarter. The New Zealand dollar advanced as rising equities encouraged investors to buy higher-yielding assets.
Tuesday April 08 2008
Australian Dollar Strengthen  
The Australian dollar rose as commodity prices advanced and as concern eased that credit-market losses will spread.
Monday April 07 2008
Australian Dollar Falls on Data  
The Australian dollar declined on speculation economic growth will slow, supporting the case for the central bank to cut interest rates.
Sunday April 06 2008
Australian Trade Gap Widens  
Australia's trade deficit widened to a record in February as floods and cyclones disrupted exports of coal and iron ore
Thursday April 03 2008
Australian, N.Z. Dollars Rise  
The Australian and New Zealand dollars rose against the yen after Federal Reserve Chairman Ben S. Bernanke eased concern that the U.S. economic slowdown will deepen, bolstering demand for higher-yielding assets.
Tuesday April 01 2008
Australian Central Bank Keeps Interest Rate at 7.25%  
The Reserve Bank of Australia left interest rates unchanged today for the first time in three months as it gauges fallout from a global credit squeeze that has forced central banks around the world to cut borrowing costs.
Sunday March 30 2008
Australian Dollar Falls  
The Australian dollar fell as a decline in stocks prompted investors to sell higher-yielding assets funded with loans from Japan.
Tuesday March 25 2008
Australian Dollar Advance on Demand for Higher Yields  
The Australian and New Zealand dollars rose for a second day against the yen as gains in stocks prompted investors to buy higher-yielding assets funded by loans in Japan.
Tuesday March 18 2008
Australian Dollar Rise  
The Australian dollar rose on speculation the Federal Reserve will lower its benchmark interest rate by 1 percentage point today, boosting the yield advantage on the nations' assets.
Thursday March 13 2008
Australian Dollar Rises  
The New Zealand and Australian dollars headed for the largest weekly advance since February as commodities rose and gains in U.S. and Asian stocks encouraged investors to resume purchases of higher-yielding assets.
Friday March 07 2008
Australia's Trade Deficit Widens  
Australia posted its second-largest trade deficit on record in January as imports rose and floods disrupted exports of coal.
Tuesday March 04 2008
Australia's Growth Slows  
Australia's economy grew at the slowest pace in more than a year in the fourth quarter as construction declined and bottlenecks at ports cut exports.
Tuesday March 04 2008
Australia Increases Rate to 12-Year High  
Australia's central bank increased its benchmark interest rate for the second time in four weeks and said there are signs the highest borrowing costs in 12 years are prompting consumers and businesses to temper spending.
Wednesday February 27 2008
Australian Dollar Rises to Highest Since 1984  
The Australian dollar rose to its highest in almost 24 years on speculation the nation's interest- rate advantage over the U.S. will widen.
Monday February 25 2008
Australia's Dollar Gains on Yield  
The Australian dollar climbed to a three-month high as easing credit concerns prompted investors to buy higher-yielding assets.
Tuesday February 19 2008
Australian Dollar Falls from a Three-Month High  
The Australian dollar fell from a three-month high after a government report on wages failed to beat expectations, giving traders an excuse to sell the currency.
Monday February 18 2008
Can Australian Economy Slowdown?  
While most of the economies are fighting with recession or weaker growth, Australia is booming. In fact, 2007 was its 17th year of uninterrupted growth. But what causes this phenomenon and how much longer can it last?
Sunday February 17 2008
Australian Dollar Declines  
The Australian dollar fell from close to a three-month high on speculation its 3.5 percent gain the past month is excessive given concerns slowing global economic growth will damp demand for the nation's exports.
Wednesday February 13 2008
Australia's Jobless Rate Falls to Lowest Since 1974  
Australia's unemployment rate fell to the lowest since 1974 as employers hired extra workers for a record 15th month, increasing pressure on the central bank to raise borrowing costs as soon as March.
Sunday February 10 2008
Aussi Gains as RBA Signals Rates Likely to Rise  
The Australian dollar rose and government bonds fell after the central bank said it is likely to push up interest rates to slow inflation.
Monday February 04 2008
Australian Dollar Trades Near 3-Month High  
The Australian dollar traded near the highest level in three months as traders bet the central bank will raise borrowing costs by a quarter percentage point at a meeting today.
Monday February 04 2008
Australia Raises Interest Rate to 7%  
Australia's central bank raised its benchmark interest rate by a quarter percentage point to an 11- year high to cool the fastest inflation since 1991.
Monday February 04 2008
Australian Central Bank May Raise Interest Rate to 7%  
Australia's central bank will probably raise its interest rate to an 11-year high tomorrow to cool the fastest inflation since 1991.
Monday February 04 2008
Australia's Trade Gap Narrows in December  
Australia's trade deficit narrowed more than expected in December as mining companies boosted shipments of coal and farmers exported more wheat and wool.
Monday January 28 2008
Australian Dollar Rises to Almost Two-Week High  
The Australian dollar rose to the highest level in almost weeks after a surge in U.S. stocks encouraged investors to increase carry trades.
Wednesday January 23 2008
Australian Dollar Advance on Widening Yield Premiums  
The Australian dollar rose for a second day as investors bought the nation bonds because they yield the most versus U.S. Treasuries in two decades.
Wednesday January 23 2008
Australian Core Inflation Rate Is Fastest in 16 Years  
Australian core inflation accelerated to a 16-year high, adding to pressure on the central bank to increase interest rates even as the U.S. slashes borrowing costs to avoid a recession.
Friday January 18 2008
Australia Dollar Fall on Global Growth Concerns  
The Australian dollar headed for a weekly loss as concern that global growth will slow prompted traders to reduce holdings of higher-yielding assets bought with money borrowed in Japan.
Thursday January 17 2008
Aussi Holds Gains After Unemployment Rate Declines  
The Australian dollar held gains after a government report showed the unemployment rate fell by more than economists expected in December, supporting bets the central bank will raise its benchmark interest rate this year.
Wednesday January 16 2008
Australian Employment Rises 20,100  
Australian employment rose for a 14th month in December, worsening a labor shortage that has fanned inflation and may force the central bank to raise borrowing costs next month.
Monday January 14 2008
Australian Dollar Rises to Eight-Week High  
The Australian dollar rose to near an eight-week high after private reports signaled increasing inflationary pressures, adding to the case for the central bank to raise interest rates.
Thursday January 10 2008
Australian November Trade Gap Narrows  
Australia's trade deficit narrowed in November for the first time in four months as mining companies shipped more iron, copper, lead and uranium.
Tuesday January 08 2008
Australian Dollar Rises as Building Approvals Unexpectedly Gain  
Australia's dollar rose, reversing a loss, after a government report showed home-building approvals unexpectedly surged in November by the most in nine months.
Monday December 31 2007
Australian Dollar Post Biggest Annual Gain in Four Years  
The Australian dollar posted the biggest annual gain in four years as quickening inflation and economic expansion prompted the Reserve Bank of Australia to raise interest rates.
Thursday December 27 2007
Australian Dollar Rises as Treasury Decline Spurs Carry Trades  
The Australian dollar rose to the strongest in almost two weeks as a decline in U.S. Treasuries encouraged traders to buy higher-yielding assets with money borrowed in Japan. Government bonds fell.
Thursday December 13 2007
Australia Employment Rises in November  
Australia added more than twice as many jobs in November as economists forecast, deepening a skills shortage that prompted the central bank to raise borrowing costs to an 11-year high.
Tuesday December 04 2007
Australia's Economy Accelerates to 1%  
Australia's economic growth accelerated in the Q3, driven by consumer spending and exports. GDP increased 1 percent from the Q2, when it rose a revised 0.7 percent.
Tuesday December 04 2007
Australia Keeps Interest Rate Unchanged at 6.75%  
Australia's central bank left its benchmark interest rate unchanged as it waits to see if the U.S. housing recession and credit-market turmoil will hurt growth.
Wednesday November 07 2007
Australia Adds 12,900 Workers in October  
Australian employers hired extra workers for a 12th straight month in October, worsening a labor shortage that prompted the central bank to raise interest rates yesterday.
Tuesday November 06 2007
Australia Raises Interest Rate to 6.75%  
At its meeting on 6 November, Australia's central bank increased its benchmark interest rate by 25 basis points to an 11-year high to quell inflation caused by an accelerating domestic economy and increases in fuel and food costs.
Sunday November 04 2007
Australian, New Zealand Dollars Fall on Renewed Credit Concerns  
The Australian and New Zealand dollars declined against the yen after renewed concerns about losses at U.S. banks prompted investors to reduce holdings of higher-yielding assets bought with money borrowed in Japan.
Wednesday October 31 2007
Australia's Trade Deficit Widens to A$1.86 Billion  
Australia's trade deficit unexpectedly widened in September as exports of oil and natural gas fell. The loss expanded to A$1.86 billion ($1.73 billion) from a revised A$1.67 billion in August.
Tuesday October 23 2007
Australian Quarterly Inflation Slows to 0.7%  
Australian inflation slowed in the third quarter because fuel and childcare costs fell and the currency's surge made imports of electrical goods cheaper.
Wednesday October 10 2007
Australia's unemployment rate at 33-year low in September  
Australia's unemployment rate fell to a 33-year low as companies hired extra workers for a 11th consecutive month in September, adding to signs the economy's 16-year expansion may be gathering pace.
Tuesday October 09 2007
Australian dollar hits 23-year high against US  
The Australian dollar reached its strongest level against the US dollar in nearly a quarter of a century on Monday, some commentators predicting it could reach parity in the coming months.
Wednesday October 03 2007
Australia's Trade Deficit Widens to A$1.61 in August  
Australia's trade deficit widened in August as imports of consumer goods, business equipment and oil increased.
Thursday September 06 2007
Australian unemployment rate remained at 4.3% in August  
Employment increased to 10,502,100. Unemployment decreased to 467,100. Unemployment rate remained at 4.3%. Participation rate remained at 65.0%
Wednesday September 05 2007
Australia Keeps Rate Unchanged at 11-Year-High 6.5%  
Australia kept its benchmark interest rate unchanged as central bankers worldwide refrain from raising borrowing costs to assess whether the U.S. subprime mortgage rout will derail economic growth.
Wednesday September 05 2007
Australian GDP increases by 1.2% in Q2  
In trend terms, GDP increased by 1.2% in the quarter and Non-farm GDP rose by 1.4%. GDP per hour worked in the market sector rose by 1.2% and the Household saving ratio was 0.1.
Thursday August 30 2007
Australian Trade Balance down $3m in July  
The provisional trend estimate of the balance on goods and services was a deficit of $1,193m in July 2007, a decrease of $3m on the revised deficit in June.
Thursday August 09 2007
Australia Adds 21,800 Jobs in July  
Australian employers hired extra workers for a ninth consecutive month in July, worsening a labor shortage that is driving up wages and inflation.
Tuesday August 07 2007
Reserve Bank of Australia lifts interest rates to 6.5%  
The RBA, Reserve Bank of Australia lifted its official interest rate by 0.25 percentage points to 6.5 per cent, the highest level in 11 years. In a prepared statement, RBA governor Glenn Stevens said the domestic data has showed an increase in demand and activity across the economy.
Wednesday August 01 2007
Australian trade balance a deficit of $1,373m in June 2007  
The provisional trend estimate of the balance on goods and services was a deficit of $1,373m in June 2007, an increase of $59m on the revised deficit in May, mainly as a result of an increase in goods and services debits.
Wednesday July 25 2007
Australia's Consumer Prices Rise More Than Expected  
CPI rose 1.2% in the June quarter 2007, compared with 0.1% in the March quarter. CPI rose 2.1% through the year to June quarter 2007.
Thursday July 12 2007
Australia's unemployment rate rises to 4.3% in June  
May employment increased to 10,454,500. Unemployment decreased to 468,500. Unemployment rate remained at 4.3%. Participation rate remained at 64.9%
Friday July 06 2007
Australian trade balance a deficit of $807m in May  
The provisional trend estimate of the balance on goods and services was a deficit of $1,023m in May 2007, a decrease of $19m on the revised deficit in April
Friday July 06 2007
May Unemployment rate decreases by 0.1 percentage point to 4.2%  
The male unemployment rate decreased by 0.1 percentage point but the rounded estimate remained at 3.9%, and the female unemployment rate decreased by 0.2 percentage points to 4.7%.
Monday June 18 2007
Australian import continues to rise in the March quarter  
The strength in imports in the past two quarters has been broad-based, with imports of consumption goods picking up further in the March quarter, consistent with the recent retail trade figures.
Monday June 18 2007
Australian economy continues to grow in the early part of 2007  
Retail trade rose at a firm pace in the first two months of the year, and employment also expanded at a healthy rate. Business surveys show strong trading conditions in the March quarter.
Monday June 18 2007
Employment grew by an average 2.7 per cent over the year to March  
Growth was concentrated in full-time employment and was broad-based across industries, with construction, wholesale trade, hospitality and finance & insurance making especially strong contributions over the past year
Monday June 18 2007
Australian CPI rose by 0.1% in the March  
The consumer price index (CPI) rose by 0.1 per cent in the March quarter, and by 2.4 per cent over the year . The largest single contributor to the low headline CPI outcome was a fall in fruit prices.
Monday June 18 2007
RBA leaves the cash rate unchange at 6.25 per cent  
At its meeting on 5 June, the Reserve Bank Board decided to leave the cash rate target unchanged at 6.25 per cent.
MORE RELATED NEWS