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Australia Capital Spending Slips 0.6% In Q3
(RTTNews) - Capital expenditure in Australia was down a seasonally adjusted 0.6 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Thursday - coming in at A$33.878 billion.
That missed forecasts for an increase of 1.5 percent following the 0.3 percent decline in the previous three months.
On a yearly basis, overall capex rose 1.7 percent.
Capex for buildings and structures rose 0.5 percent on quarter and 1.4 percent on year to A$17.571 billion, while spending on equipment, plants and machinery sank 1.6 percent on quarter but gained 2.2 percent on year to A$16.308 billion.
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Australia Services PMI Ebbs In August - S&P Global
The services sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a Purchasing Mangers Index score of 53.2.
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Australia GDP Growth Tops Expectations
Australia's economy logged a stronger-than-expected growth in the second quarter, raising prospects of interest rate hikes by the Reserve Bank of Australia. Gross domestic product grew 2.1 percent from the previous year, the Australian Bureau of Statistics said Wednesday. This was slower than first quarter's 2.5 percent expansion but better than forecast of 1.8 percent.
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Australia Has A$27.2 Billion Current Account Shortfall
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Australia Building Consents Sink 3.6% In July
The total number of building permits issued in Australia was down a seasonally adjusted 3.6 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 17,687.
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Australia August Manufacturing PMI Steady At 52.0 - S&P Global
The manufacturing sector in Australia continued to expand at a steady pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.0.
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Australia Company Gross Operating Profits Rise 1.8% In Q2
Company gross operating profits in Australia were up a seasonally adjusted 1.8 percent on quarter in the second quarter of 2026, the Australian Bureau of Statistics said on Monday.
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12 days ago
Australia Private Sector Credit Rises 0.6% In July
Total private sector credit in Australia was up 0.6 percent on month in July, the Reserve Bank of Australia said on Monday - missing forecasts for 0.7 percent and down from 0.8 percent in June.
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12 days ago
Australia Manufacturing PMI Unchanged At 52.0 - S&P Global
The manufacturing sector in Australia continued to expand in July, and at a steady pace, the latest survey from S&P Global revealed on Friday with a manufacturing purchasing managers index score of 52.0.
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22 days ago
