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Australian Business Turnover Slides in May
Australian business turnover slid 0.6%, seasonally adjusted, in May compared with April, based on an aggregate of 13 industries, the Australian Bureau of Statistics said in a report filed on
Australia's Consumer Confidence Falls Amid Inflation, Interest Rate Woes
Consumer confidence in Australia dropped in July amid fears of persistent inflation and further interest rate hikes.The Westpac-Melbourne Institute consumer sentiment index slipped 1.1% to 82.7 from t
Worsening job prospects in Australia as expectations of a rate cut by the Australian Reserve Bank rise.
According to the survey data released on Tuesday, the business environment in Australia deteriorated faster than expected in June, and the employment prospects were significantly affected. The market's expectations of a rate cut by the Reserve Bank of Australia have increased significantly after the hawkish comments made by RBA officials last month. However, with the easing of cost pressures, business confidence has slightly improved. According to a survey by National Australia Bank Limited sponsored ADR (NAB), its compiled index of business conditions in Australia fell by 2 points to +4, far below the long-term average. In contrast, the confidence index rebounded by 6 points to +4, and the manufacturing and wholesale industry indices both increased. Specifically, in ...
Australia's Consumer Sentiment Falls Further on Rate-Hike Fears
Australia’s consumer pessimism deepened in July as households worried about the prospect for further interest-rate increases with inflation proving stickier than anticipated.
Express News | Affected by concerns about interest rate hikes, Australia's consumer confidence index has further declined.
Market speculations about the likelihood of an interest rate hike by the Reserve Bank of Australia led to the Australian dollar hitting a new high point in nearly half a year.
The Australian Reserve Bank's strong interest rate hike in September and the possibility of non-farm payrolls leading the Federal Reserve to cut interest rates early may see the Australian dollar / US dollar facing a challenge to the 0.6796 level before becoming overbought.