News

Australia Q3 GDP Growth Weakest in 2 Years
The Australian economy grew a seasonally adjusted 0.3 percent in the September quarter of 2018, slowing sharply from a 0.9 percent expansion in the previous period and missing market consensus of a 0.6 percent advance. This was the weakest pace of expansion since a contraction seen in the third quarter of 2016, mainly due to a sharp slowdown in private consumption and a pull-back in non-residential construction.
Published on 2018-12-05

Australia Q2 GDP Growth Stronger than Expected
The Australian economy advanced 0.9 percent in the June quarter of 2018, above market consensus of a 0.7 percent expansion and after an upwardly revised 1.1 percent growth in the previous quarter. Growth was mainly supported by strength in domestic demand and foreign trade while fixed investment was flat.
Published on 2018-09-05

Australia Q1 GDP Growth Beats Estimates
The Australian economy advanced 1 percent in the March quarter of 2018, above market consensus of a 0.9 percent expansion and after an upwardly revised 0.5 percent growth in the previous quarter. It is the highest growth rate since the second quarter 2017, mainly boosted by a rebound in exports.
Published on 2018-06-06

Australia Q4 GDP Growth Below Estimates
The Australian economy advanced 0.4 percent in the December quarter of 2017, less than market consensus of a 0.6 percent expansion and after an upwardly revised 0.7 percent growth in the previous quarter. It was the weakest growth rate since a contraction in the September quarter 2016, as positive contributions mainly came from final consumption expenditure while non-dwelling construction and net trade had a downward effect.
Published on 2018-03-07

Australia Q3 GDP Growth Slows to 0.6%
The Australian economy advanced 0.6 percent in the September quarter of 2017, following an upwardly revised 0.9 percent growth in the previous quarter and slightly below market consensus of a 0.7 percent expansion. Positive contributions from non-dwelling construction and changes in inventories were unable to offset weaker domestic demand and foreign trade.
Published on 2017-12-06

Australia GDP Growth Accelerates to 0.8% in Q2
The Australian economy expanded 0.8 percent in the June quarter of 2017, much stronger than a 0.3 percent growth in the first quarter and matching market consensus. The solid expansion was mainly supported by strength in domestic demand and net exports.
Published on 2017-09-06

Australia GDP Growth Slows to 0.3% In Q1
The Australian economy expanded 0.3 percent in the March quarter of 2017, compared to a 1.1 percent growth in the December quarter 2016 while markets expected a 0.2 percent expansion. Positive contributions from final domestic demand and changes in inventories were unable to offset weak net trade and a drop in dwelling investment.
Published on 2017-06-07

Australia GDP Growth Beats Expectations In Q4
The Australian economy expanded 1.1 percent in the fourth quarter of 2016, compared to a 0.5 percent contraction in the September quarter and beating markets expectations of a 0.7 percent growth. It was the strongest expansion since the March quarter 2016, mainly boosted by household spending, investment and net trade while government spending was flat.
Published on 2017-03-01

Australia GDP Contracts for 1st Time in 5-1/2-Years in Q3
The Australian economy unexpectedly shrank 0.5 percent in the third quarter of 2016, compared to an upwardly revised 0.6 percent growth in the June quarter and missing market consensus of a 0.3 percent expansion. It was the first contraction since the March quarter 2011 and the fastest fall since the December quarter 2008, dragged down by investment and net trade.
Published on 2016-12-07

Australia GDP Growth Weakest in A Year
The Australian economy expanded 0.5 percent in the June quarter of 2016, slowing from a downwardly revised 1.0 percent growth in the previous quarter and slightly below market consensus of a 0.6 percent growth. It was the weakest growth since the second quarter 2015, weighed down by net trade while investment was flat and final consumption remained steady.
Published on 2016-09-07

Australian GDP Grows 1.1% in Q1, Beats Forecasts
Australian GDP expanded 1.1 percent in the March quarter of 2016, accelerating from an upwardly revised 0.7 percent growth in the previous quarter and above market consensus of a 0.8 percent growth. Positive contributions from net exports and final consumption expenditure offset a decline in investment.
Published on 2016-06-01

Australian GDP Growth Beats Estimates in Q4
Australian GDP expanded 0.6 percent in the December quarter of 2015, as compared to an upwardly revised 1.1 percent growth in the previous quarter and above market consensus of a 0.4 percent growth. While final consumption expenditure contributed positively to the expansion, investment fell and net exports gave no contribution to the GDP growth.
Published on 2016-03-03

Australian GDP Growth Beats Expectations
Australian economy expanded 0.9 percent in the September quarter of 2015, as compared to an upwardly revised 0.3 percent growth in the previous quarter and above market consensus. Positive contributions from net exports and final consumption expenditure offset a decline in investment.
Published on 2015-12-02

Australian Economy Grows 0.2% in Q2
Australian GDP expanded 0.2 percent in the June quarter of 2015, slowing from 0.9 percent growth in the previous quarter and missing market forecasts. It is the weakest growth since the first quarter of 2013, as positive contributions from final consumption expenditure and investment were unable to offset a decline in net exports.
Published on 2015-09-02

Australian Economy Expands 0.9% in Q1
Australian GDP growth accelerated to 0.9 percent in the March quarter compared to 0.5 percent in late 2014 and beating forecasts of 0.7 percent. Net exports and final consumption expenditure contributed positively to the expansion while investments declined.
Published on 2015-06-03

Australian Economy Grows 0.5% in Q4
Australian GDP advanced 0.5 percent in the fourth quarter of 2014, rising from upwardly revised 0.4 percent expansion reported in the previous three month period and matching market estimates. Net exports and consumption contributed the most to the growth while changes in inventories dragged the expansion down.
Published on 2015-03-04

Australian Economy Slows in Q3
Australian GDP grew 0.3 percent in the third quarter of 2014, down from 0.5 percent expansion reported in the previous three month period and below markets expectations. Net exports and consumption contributed the most to the growth while investment dragged the expansion down.
Published on 2014-12-03

Australian Economy Grows 0.5% in Q2
In the second quarter of 2014, Australia's GDP grew 0.5 percent in seasonally adjusted terms, beating market expectations and driven by consumption and private investment amid weakening exports.
Published on 2014-09-03

Australian Economy Expands 1.1% in Q1
In the first quarter of 2014, Australia GDP expanded on a seasonally adjusted 1.1 percent over the previous three months, the highest growth in the last seven quarters. Growth was driven by net export, consumption expenditure and private investment while changes in inventories and public investment declined. Mining industry and financial services also become the main drivers for the economy during March quarter.
Published on 2014-06-04

Australian Economy Expands 0.8% in Q4
Australian GDP grew faster than expected in seasonally adjusted volume terms in the last quarter of 2013. Expansion was mostly driven by exports and consumption while fixed investment declined.
Published on 2014-03-05

Australian Economy Expands 0.6% in Q3
In the third quarter of 2013, Australia's economic growth has fallen short of expectations, edging up by 0.6 percent in a seasonally adjusted terms.
Published on 2013-12-04

Australian Economy Expands 0.6% QoQ in Q2
In the second quarter of 2013, Australian GDP accelerated a seasonally adjusted 0.6 percent over the previous three months, when it rose 0.5 percent. Growth for the quarter was driven by a 0.2 percent contribution from household consumption and 0.2 percent contribution from changes in inventories.
Published on 2013-09-04

Australia GDP Rises 0.6% in Q1
Australian economy grew less than estimated in the first quarter of 2013. Expansion was driven by a 1 percent contribution from net exports and 0.3 percent contribution from household final consumption.
Published on 2013-06-05

Australia Economy Expands 0.6 Percent in Q4
In seasonally adjusted terms, GDP increased by 0.6 percent in the December of 2012 quarter. The Terms of trade fell 2.7 percent, and real gross domestic income was flat in the December quarter.
Published on 2013-03-06

Australian Economy Grows in Q3
The gross domestic product in Australia was up a seasonally adjusted 0.5 percent in the third quarter of 2012. On a yearly basis, GDP expanded 3.1 percent.
Published on 2012-12-05

Australia's Economic Growth Remains Solid in Q2
The gross domestic product in Australia was up a seasonally adjusted 0.6 percent in the second quarter of 2012. On a yearly basis, GDP expanded 3.7 percent, slowing from 4.3 percent in the previous three months.
Published on 2012-09-05

Australia's GDP Growth Slows in Q4
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.
Published on 2012-03-07

Australia's GDP Grows 1% in Q3
In seasonally adjusted terms, Australia's GDP increased 1.0% in the September quarter, through the year GDP growth was 2.5%.
Published on 2011-12-07

Australian Economy Contracts 1.2% in Q1
Australia's economy suffered its biggest contraction in 20 years in the first quarter as resource exports collapsed due to floods in a major coal-producing region, exposing the nation's growing dependence on mining revenue.
Published on 2011-06-01

Australian Economy Grows 0.7% in Q4
In Australia, in seasonally adjusted terms, GDP increased 0.7% in the December quarter, while non-farm GDP rose 0.8%. Through the year GDP growth was 2.7%.
Published on 2011-03-02

Australia GDP Slows to 0.2% in Third Quarter
Australia's economy grew at its slowest pace in nearly two years in the third quarter, as global volatility and a soaring currency weighed on exports, pushing the country's dollar sharply lower Wednesday.
Published on 2010-12-02

Australian Economic Growth Accelerates
Australia’s economy grew at the fastest pace in three years last quarter, stoked by China’s demand for iron ore.
Published on 2010-08-31

Australia's Growth May Gain Momentum by the End of This Year
In 2009, unlike many other major economies, Australia recorded year-over-year growth due to a strong banking system and successful monetary and fiscal policy. And although the pace of expansion in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.
Published on 2010-08-05

Australia's Growth May Gain Momentum by the End of This Year
Australia has weathered the global downturn much better than other major economies. In fact, Australia’s managed to record year-over-year growth in 2009 due to a strong banking system and successful monetary and fiscal policy. In this article we argue that although the expansion recorded in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.
Published on 2010-06-24

Australian GDP Grows for Fifth Quarter
The Australian economy grew at a much slower pace in the first quarter than at the end of last year as the withdrawal of economic stimulus, surprise weakness in business investment and sluggish growth in export volumes took some of the steam out of activity.
Published on 2010-06-02

Australia GDP Growth Accelerated to 0.9% Last Quarter
Australia’s economy grew last quarter at the fastest pace in almost two years, underscoring the central bank’s decision yesterday to boost borrowing costs for the fourth time in five meetings
Published on 2010-03-03

Australia's Monetary Policy Has Been Driven By China’s Growth
In February, the Reserve Bank of Australia left interest rates unchanged despite of an influx of indicators pointing to growth acceleration and price pressures. Yet, after an explanation given by governor Stevens, it became clear that this unexpected decision was mainly prompted by recent Chinese easing of economic stimulus measures.
Published on 2010-02-04

Australian Economy Grew 0.2%
Australia’s economy expanded in the three months through September for a third straight quarter, boosted by government spending on roads, ports and schools.
Published on 2009-12-15

Australia’s Economic Miracle Will be Damaged by Rate Hikes
In December, Australia's central bank raised interest rates for the third consecutive time. But making credit more expensive in the wake of a still weak recovery may prove to be very damaging for the Australian economy.
Published on 2009-11-09

Will Australia’s Recovery Stop With Fading Stimulus Package?
In the second quarter of 2009, Australia’s economy grew 0.6% from a year earlier boosted by a significant fiscal stimulus. But is the Australian economy able to keep current pace of expansion once the stimulus wanes?
Published on 2009-09-16

Australian Economic Growth Accelerates
Australia’s economic growth unexpectedly accelerated in the second quarter, driving the nation’s currency higher on expectations the central bank will raise borrowing costs from a half-century low.
Published on 2009-09-02

Is Australia on the Way to Recovery?
In the first quarter of 2009, the Australian GDP unexpectedly rebounded, growing at 0.4 percent. Is this temporary improvement or the indication of stable recovery?
Published on 2009-06-04

Australia's Economy Unexpectedly Expanded
Australia’s economy has defied a global recession that has swamped the U.S., the U.K. and Japan, unexpectedly expanding in the first quarter on rising exports and consumer spending.
Published on 2009-06-02

Australia is Fighting Recession
In a May Statement on Monetary Policy the Australia’s central bank said the nation’s economy will shrink 1.25 percent in the 12 months through June before the “gradual” recovery in 2010. But comparing with other countries outlooks the Australian downturn looks relatively moderate. Why Australia is doing better than other developed economies?
Published on 2009-05-08

Australia’s Is Fighting Recession (Update)
For the first time in eight years, Australia’s economy unexpectedly shrank in the fourth quarter of 2008. Could Australia fallow other major economies and deepen into recession or is it just temporary deterioration in economic activity?
Published on 2009-03-08

Australian Economy Shrinks
Australia’s economy unexpectedly shrank in the fourth quarter for the first time in eight years as exports and housing slumped, increasing pressure on the central bank to add to a record round of interest-rate cuts.
Published on 2009-03-03

Australia is Fighting Recession
Australia's economy is in a severe downturn after seventeen years of continuous growth and we believe 2009 may be the most challenging year for the country since the 1991/92 recession.
Published on 2009-01-23

Australia’s Economy Grows 0.1%
Australia’s economy grew last quarter at the weakest pace in eight years as household spending stalled, increasing pressure on the central bank to add to the biggest round of interest-rate cuts since a recession in 1991.
Published on 2008-12-02

Can Australia Avoid Severe Recession?
Although Australia is at its 17th year of continuous growth, some signs of a slowdown are becoming more visible. Can one of the strongest economies in the world avoid a major slowdown and a possible recession?
Published on 2008-10-15

Australia's Economic Growth Slows to 0.3%
Australia's economic expansion slowed in the second quarter to the weakest pace in two years as consumers reduced spending, reinforcing the central bank's decision to cut interest rates for the first time since 2001.
Published on 2008-09-02

What's next for Australia?
The Australian economy is visibly slowing down. For instance, annual GDP growth deteriorated to 3.6% in Q1 2008 from a peak of 4.7% in Q3 2007. But how much slowdown should we expect during the next few months?
Published on 2008-06-27

Australia's Economy Grows Faster-Than-Expected
Australia's economy grew twice as fast as economists forecast in the first quarter, driving the nation's currency higher on speculation the central bank may raise interest rates this year.
Published on 2008-06-03

Is The Australian Economy Losing Momentum?
2007 was the 17th year of uninterrupted growth for Australia. But what is likely to happen in 2008? Will the $1 trillion economy lose its momentum? And what may drag the Australian economy down?
Published on 2008-05-18

Australia's Growth Slows
Australia's economy grew at the slowest pace in more than a year in the fourth quarter as construction declined and bottlenecks at ports cut exports.
Published on 2008-03-04

Can Australian Economy Slowdown?
While most of the economies are fighting with recession or weaker growth, Australia is booming. In fact, 2007 was its 17th year of uninterrupted growth. But what causes this phenomenon and how much longer can it last?
Published on 2008-02-18

Australia's Economy Accelerates to 1%
Australia's economic growth accelerated in the Q3, driven by consumer spending and exports. GDP increased 1 percent from the Q2, when it rose a revised 0.7 percent.
Published on 2007-12-04

Australian GDP increases by 1.2% in Q2
In trend terms, GDP increased by 1.2% in the quarter and Non-farm GDP rose by 1.4%. GDP per hour worked in the market sector rose by 1.2% and the Household saving ratio was 0.1.
Published on 2007-09-05

Australian economy continues to grow in the early part of 2007
Retail trade rose at a firm pace in the first two months of the year, and employment also expanded at a healthy rate. Business surveys show strong trading conditions in the March quarter.
Published on 2007-06-18