Australia

Australia Building Approvals Rebound 5.1% in September, Matching Forecast

Australia’s building approvals rose 5.1% month over month in September, matching market expectations and reversing the previous 5.2% decline.
Australia Trade Surplus Widens Sharply to A$2.83 Billion in September

Australia’s trade surplus widened sharply to A$2.826 billion in September, significantly exceeding the A$940 million forecast.

The result also marked a substantial improvement from the previous month’s A$184 million surplus.
RBA Raises Interest Rate to 4.85% in November, Matching Forecasts

The Reserve Bank of Australia raised its benchmark interest rate to 4.85% in November from 4.60%, delivering a 25-basis-point increase that matched market expectations.
Australia Building Approvals Jump 5.1% in September, Beating Forecasts

Australian building approvals rose 5.1% month over month in September, significantly exceeding the 1.8% increase expected by economists and reversing the previous month’s 5.2% decline.
Australia Employment Falls Sharply in September as Jobless Rate Holds at 4.7%

Australia’s labor market weakened sharply in September, with employment falling by 39,300, far below expectations for a 19,600 increase and reversing the previous month’s 29,300 gain.

The unemployment rate held at 4.7%, slightly above the 4.6% consensus estimate and unchanged from the previous month.

The composition of employment was somewhat more constructive than the headline figure suggests. Full-time employment increased by 34,400 after a 4,000 decline previously, implying that the overall employment drop was driven by a much larger fall in part-time positions.
Australian Business Confidence Falls Further in September

Australia’s NAB Business Confidence index fell to -13 in September from -9 in the previous month, pointing to a further deterioration in business sentiment.

The deeper negative reading suggests Australian firms became more cautious about the economic outlook during the month, with confidence remaining firmly below neutral levels.
Australia Building Approvals Fall 6.1% in August

Australian building approvals declined 6.1% month over month in August, matching market expectations and worsening from the previous month’s 1.9% decline.
Australia Trade Surplus Narrows Sharply in August, Missing Expectations

Australia’s trade surplus fell to A$495 million in August, well below the A$2.0 billion expected by economists and down from A$1.351 billion previously.
Australia Building Approvals Fall 6.1% in August, Much Worse Than Expected

Australia’s building approvals fell 6.1% month over month in August, a much sharper decline than the 1.6% drop expected by economists. The previous month’s reading was revised to a 1.9% decline.
Reserve Bank of Australia Raises Interest Rate to 4.60%

The Reserve Bank of Australia raised its policy rate by 25 basis points to 4.60% in September, matching market expectations and up from 4.35% previously.
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