Australia had a trade surplus of A$1.36 billion for the month of September. This is sharply higher than analyst’s initial expectations of A$200 million and is the largest surplus seen since June 1997....

Retail sales in Australia have increased by 0.3 percent for the month of August. All industries except other retailing had an increase in the trend, but industries with the largest increase were food,...

The annualized growth rate in Australia has slowed for the second month in a row, thus reinforcing the RBA’s view that their 17 years of economic expansion is cooling down enough to provide some relie...

Employment change in Australia was up 14.6 thousand in August versus analysts expectations of five thousand. Full time employment rose by 7500 and part time by 7200....

The unemployment rate decreased 0.2 percent to 4.1 percent. The rate of male unemployment fell by 0.1 percent to 3.8 percent while female unemployment rate fell by 0.3 percent to 4.4 percent....

The National Australia Bank released the business confidence report this evening. The reading was higher than last month’s reading of -9, coming in a -7. July business conditions were still sharply lo...

In July 2008, industries that had an increase in trend estimate were food retailing, department stores, and household goods, while clothing and soft good retailing, and cafes, restaurants and takeaway...

In seasonally adjusted terms, the balance on goods and services in July 2008 was a deficit of $717m, a turnaround of $1,068m on the revised surplus in June 2008. This was a sharp contrast of analysts ...

On the expenditure side, the growth (in seasonally adjusted volume terms) over the past four quarters was driven by household final consumption expenditure which contributed 1.7 percentage points to G...

Services sector activity deteriorated further in August, amid soft consumer and business confidence and weaker economic conditions. This is the fifth consecutive monthly decline in services activity a...

The Reserve Bank of Australia cut the Cash Rate for the first time in 7 years, as the economic expansion cools and the business cycle peaks. According to the bank's analysis, the currency market had a...

The current account deficit fell 36 percent to 12.8 billion, seasonally adjusted. Australia’s net international investments increased by 5.0 billion to $692 billion, while net foreign debt fell by $4....

World economic health has continued to moderate while activity in the United States remains weak as financial turbulence continues to weigh on growth. While in contrast to developing countries, activi...

The index is seeing the lowest rate of growth since 2001. The fall in equity prices, weak home loan approvals as well as weak U.S. industrial production have helped to reduce the leading index growth ...

The Board has decided to leave the cash rate unchanged at 7.25 percent, but said it may need to cut rates soon to avoid a slowdown in the economy. Tighter financial conditions are causing the economy ...

The Australian consumer sentiment climbed to 9.1% from the previous months reading of -6.7%, which is the biggest increase in almost 2 years. Australian central bank Governor Glenn Stevens said recent...

The National Australia Bank released the business confidence report this evening. The reading was the same as last month, coming in at a -9. This is the lowest level in the past seven years as consume...

This report measure the percent of unemployed persons in the labor force. The unemployment rate can be a leading indicator of the overall health of the labor market. Higher unemployment leads to less ...

This report tracks the number of employed in Australia. The figure appears in the monthly Labor Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher...

This report tracks changes in housing prices in Australia 's eight provincial capital cities: Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra. The headline number is the wei...

Australia's trade gap widened more than economists expected, showing a shortfall of -A$965 million versus a narrow A$12 million surplus in the preceding month. The deterioration was driven by a 6% jum...

Australian Retail Sales overshot expectations, expanding by 0.7% in May versus 0.1% expected. The rise was fueled by a 2.2% jump in sales of recreational goods and marks the fastest increase in 6 mont...

The dollar stabilized in May, as the worst fears of the bears did not materialize. The US economy managed to avoid slipping into a full blow recession experiencing only a slowdown as GDP rose slightly...

In keeping with yesterday's first quarter current account metric, the GDP reading for the same period surpassed expectations to print at 0.6% (versus 0.3% forecast). For its part, the current account ...

Australia's current account deficit widened in the first quarter, albeit less so than expected. Economists looking for the gap to widen to -20500M saw the figure slightly outperform to print at -19492...

Australian retail activity declined in April, declining -0.2% following an equivalent expansion in March. The news is music to the ears of RBA policy markers - the bank has grappled with taming inflat...