Australia Company Profits Rise 0.5% In Q1
(RTTNews) - Company gross operating profits in Australia were up 0.5 percent on quarter I the first quarter of 2023, the Australian Bureau of Statistics said on Monday.
That was shy of expectations for an increase of 1.5 percent following the upwardly revised 12.7 percent jump in the previous three months (originally 10.6 percent).
Business inventories were up 1.2 percent on quarter, exceeding expectations for a gain of 0.5 percent following the upwardly revised 0.3 percent gain in the three months prior (originally -0.2 percent).
Company profits pre-tax tumbled 7.5 percent on quarter after surging 22.2 percent in the previous quarter.
read more
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.
RTTNews
|
16 days ago
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.
RTTNews
|
17 days ago
Australia Has A$27.2 Billion Current Account Shortfall
Australia posted a current account deficit of A$27.2 billion in the second quarter of 2026, the Australian Bureau of Statistics said on Tuesday.
RTTNews
|
18 days ago
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.
RTTNews
|
18 days ago
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.
RTTNews
|
18 days ago
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.
RTTNews
|
19 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.
RTTNews
|
19 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.
RTTNews
|
29 days ago
