Australia's trade balance unexpectedly posted a deficit in April, with a read of -0.09B, well below analysts' expectations of 1.60B. The trend estimate of the balance on goods and services was a surpl...

Australia's aggressive policy response to the global financial crisis probably helped to boost GDP in the first quarter. Although the economy down-under likely won't grow strongly over the next few qu...

In trend terms, the GDP decreased 0.1 percent, however, in seasonally adjusted terms GDP increased by 0.4 percent which is well above economists' expectations of a 0.1 percent decrease. Terms of trade...

Retail sales in Australia have increased by 0.3 percent in March which is lower than analysts’ forecasts of a 0.5 percent increase. In original terms, Australian turnover decreased by 0.8% in April 20...

Employment in Australia increased by 27.3K for April which is above expectations of 24.9K decrease. Full time employment Increased by 49.1K to 7,672,700 while part time employment decreased by 21.8K t...

The unemployment rate in Australia decreased by 0.3 percent to 5.4 percent in April which is better than analysts’ forecasts of an increase to 5.9 percent. The unemployment rate decreased by 35.3K to ...

Australia has posted a higher than expected trade balance for the month of March. Analysts were expecting a 1.73B reading when in fact; the country had a surplus of 2.50B. This is mainly due to the fa...

Retail sales in Australia have increased by 2.2 percent in March which is higher than analysts’ forecasts of a 0.5 percent increase. In seasonally adjusted terms, all industries had an increase in Mar...

The Australian consumer price index came in at 0.1 percent for the March quarter 2009, which is below what economists had forecasted, but higher than the 0.3% drop in the December quarter 2008. The CP...

Producer prices in Australia decreased by 0.4% percent in the first quarter of 2009. This was mainly due to price decreases in the building construction (-1.6%), petroleum refining (-8.9%) and dairy p...

The National Australia Bank released the business confidence report this evening. Business confidence in Australia has improved to -13. The sentiment index gained 9 points from last month's reading of...

Employment in Australia decreased by 34,700 for March which is below expectations of -24,800K. People looking for full time employment increased by 28.5K to 460,400 while part time employment seekers ...

The unemployment rate in Australia increased by 0.5 percent to 5.7 percent in February which is higher than analysts’ forecasts of an increase to 5.4 percent. The number of unemployed increased by 28....

Australia has posted a higher than expected trade balance for the month of February. Analysts were expecting a 0.70B reading when in fact; the country had a surplus of 2.11B. This is mainly due to imp...

Retail sales in Australia have decreased by 2.0 percent in February which is higher than analysts’ forecasts of a -0.5 percent decrease. This is the largest decline seen in the retail sales report in ...

The Australian MI leading index came in at a -0.2 percent month over month after a -0.4 percent decline was seen on the previous figures reading. This has raised speculation that the nation is expecti...

The unemployment rate in Australia increased by 0.4 percent to 5.2 percent in February which is slightly higher than analyst' forecasts of an increase to 5.0 percent. The unemployment rate increased b...

Employment in Australia increased by 1.8K for February which is above expectations of 20.6K decrease. Full time employment decreased by 53.8K to 7,664K while part time employment increased by 55.6K to...

The consumer sentiment indicator for Australia came in at -0.2 percent from last month’s -4.6 percent reading. The sentiment index came in at 85.6 points in March and this is the fourteenth month that...

The National Australia Bank released the business confidence report this evening. Business confidence in Australia has fallen to -22. This level was last seen in June of 1992 as this level follows the...

Australia has posted a lower than expected trade balance for the month of January. In seasonally adjusted terms, the surplus was A$0.97 billion; this is a decrease from December's A$0.42 billion which...

Australian GDP fell for the first time in eight years and further contraction seems likely. However, the incipient downturn down-under should be less severe than in most other economies. The Aussie do...

In trend terms, the GDP decreased 0.1 percent and non-farm GDP also decreased by 0.3 percent. However, in seasonally adjusted terms GDP dropped by 0.5 percent which is well below expectations of a 0.2...

Australian retail sales rose unexpectedly in the month of January. At 0.2%, the rise in sales aggressively overshot expectations of a -0.5% decline in the figure. Spending was bolstered by the governm...

Retail sales in Australia have increased by 0.2 percent in January which is higher than analysts’ forecasts of a -0.5 percent decrease but is sharply lower than Decembers 3.8 percent. In seasonally ad...

The current account deficit fell 32 percent for the December quarter of 2008. This is the third straight quarter that the deficit has narrowed. In seasonally adjusted terms, this is expected to add 1....

The release of the Australian wage price index showed that it rose 1.2 percent this quarter. This is above analysts’ expectations for a 0.9 percent increase. The increase in the trend index for the ye...

The trend estimate for construction work completed rose 2.6 percent in December of 2008 while the seasonally adjusted estimate came in at 1.7 percent. This comes after a strong revision higher of the ...

The Australian MI leading index came in at a -0.4 percent month over month after a -1.0 percent decline was seen on the previous figures reading. The fall in the leading index has shown that the econo...

The unemployment rate in Australia increased by 0.1 percent to 4.8 percent in January which is slightly higher than analysts’ forecasts of an increase to 4.7 percent. The unemployment rate increased b...

Employment in Australia increased by 1.2K for January which is above expectations of 19.1K decrease. Full time employment increased by 33.7K to 7,670K while part time employment decreased by 32.6K to ...

The consumer sentiment indicator for Australia fell to -4.6 percent from last month’s -2.2 percent reading. The sentiment index came in at 85.8 points in February and this is the twelvfth month that t...

The National Australia Bank released the business confidence report this evening. Business confidence in Australia has fallen to -32. This is a record low for the index that was started in 1989 as dem...

Retail sales in Australia have increased by 3.8 percent in December which is sharply higher than analysts forecasts of a 0.3 percent increase and follows a 0.4 percent increase seen during November. D...

Australia has posted a lower than expected trade balance for the month of December. In seasonally adjusted terms, the surplus was A$0.59 billion; this is a decrease from November’s A$1.05 billion. Thi...

During the December quarter, the Australian housing market saw a 1.7 percent decline during the previous three months. House prices for the year fell 3.3 percent, down from a 2.8 percent gain during t...

The leading index for Australia has decreased 1.0 percent for the month of November, falling to a reading of 114.1. This is the third consecutive decrease for the index. Contributing to the declines s...

The Australian consumer price index came in at -0.3 percent for the quarter, which is slightly better than economists had forecasted. This reading states that prices have fallen by the most in 11 year...

The Australian MI leading index came in at a -1.0 percent month over month after a -0.2 percent revision was seen on the previous figures reading. The fall in the leading index has shown that the econ...

The National Australia Bank released the business confidence report this evening. Business confidence in Australia has fallen to -20, which is slightly better than the previous reading of -30. Consume...

Producer prices in Australia increased by 1.3 percent in the fourth quarter of 2008. This was mainly due to price increases in the industrial machinery and equipment manufacturing, electronic equipmen...

Employment in Australia decreased by a mere 1.2 thousand in December. This is much less than the 21 thousand that economists had forecasted. Seasonally adjusted, employment decreased by 1,200 to 10.74...

The unemployment rate in Australia increased by 0.1 percent to 4.5 percent in December which is exactly what economists had forecasted. This is a fairly steady reading as male unemployment increased b...

Australia has posted a lower than expected trade balance for the month of November. In seasonally adjusted terms, the surplus was A$1.45 billion; this is a decrease from October’s A$2.95 billion. This...

The retail sales trend in Australia has increased by 0.1 percent in November. This was in line with market expectations yet slightly lower than the previous reading. During November food retailing and...

Headlining a fairly quiet Asian Session in regards to economic releases, the Australian MI leading index came in at a -1.0 percent month over month, the same read as the previous month. Westpac reiter...

Employment in Australia decreased by 15.6K for November which is near expectations of 15.0K. Full time employment increased by 8.8K to 7,695K while part time employment decreased by 24.4K to 3,054K....

The unemployment rate in Australia increased by 0.1 percent to 4.4 percent in November which is slightly below analysts’ forecasts of an increase to 4.5 percent. The unemployment rate increased by 7,9...

The consumer sentiment indicator for Australia jumped to 7.5 percent from last month’s 4.3 percent reading. The Westpac report stated that the 300 basis points in interest rate cuts by the Reserve Ban...

The National Australia Bank released the business confidence report this evening. Business confidence in Australia has plummeted to -30, which is a new record low in November, falling from a -29 in Oc...