October 24, 2023
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722060019&Signature=l2e1m3Z8kwEEc3xnqTcEHSTTOHFya70cn5fVTm9T93pXx6BmZCSsFqa~xa7zJYA6eI56plI4BzMTywXFx5nqXtYyWdgGXKoiNOEFb2R8pHzYDbmXnhXfeBlMYTY9WMLObx67AsYp99xVDmMAtBPPUgP0optDIMGRESEY7HQn-7134bWy8EQNV7OWnPCcvjkwz4X4Nv7lpSTvsYllrzYhBHc4pe1m4v6oG~P7576cbicxLh8zAtraBpRG8B-AyR1HUrbBrnjdd7sWnZkupRtQM4A246oFOgoq65uxFNVq49p8QBUJEvQTxibQKqNfAvl6pr-wplk9-TGImJjfBvxj9w__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia Flash PMI Composite 47.3 in Oct-23
- Australia Flash PMI Composite records 47.3 in Oct-23, signaling a contraction in economic activity compared to the previous month's reading of 50.2.
- Both the manufacturing and services sectors experience declines with Australia Flash PMI Manufacturing at 48.0 and Australia Flash PMI Services at 47.6, falling below the 50.0 threshold.
October 19, 2023
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722060019&Signature=l2e1m3Z8kwEEc3xnqTcEHSTTOHFya70cn5fVTm9T93pXx6BmZCSsFqa~xa7zJYA6eI56plI4BzMTywXFx5nqXtYyWdgGXKoiNOEFb2R8pHzYDbmXnhXfeBlMYTY9WMLObx67AsYp99xVDmMAtBPPUgP0optDIMGRESEY7HQn-7134bWy8EQNV7OWnPCcvjkwz4X4Nv7lpSTvsYllrzYhBHc4pe1m4v6oG~P7576cbicxLh8zAtraBpRG8B-AyR1HUrbBrnjdd7sWnZkupRtQM4A246oFOgoq65uxFNVq49p8QBUJEvQTxibQKqNfAvl6pr-wplk9-TGImJjfBvxj9w__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia Unemployment Rate 3.56% (consensus 3.7%) in Sep-23
- Australia's unemployment rate decreased to 3.56% in September 2023, contrary to expectations for no change from 3.7%, reaching its lowest level since June 2023.
- Job creation in Australia saw an increase of 6,700 jobs in September 2023, reflecting positive labor market conditions.
October 03, 2023
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722060019&Signature=l2e1m3Z8kwEEc3xnqTcEHSTTOHFya70cn5fVTm9T93pXx6BmZCSsFqa~xa7zJYA6eI56plI4BzMTywXFx5nqXtYyWdgGXKoiNOEFb2R8pHzYDbmXnhXfeBlMYTY9WMLObx67AsYp99xVDmMAtBPPUgP0optDIMGRESEY7HQn-7134bWy8EQNV7OWnPCcvjkwz4X4Nv7lpSTvsYllrzYhBHc4pe1m4v6oG~P7576cbicxLh8zAtraBpRG8B-AyR1HUrbBrnjdd7sWnZkupRtQM4A246oFOgoq65uxFNVq49p8QBUJEvQTxibQKqNfAvl6pr-wplk9-TGImJjfBvxj9w__&Key-Pair-Id=K2NMLIS3J0RGKR)
Reserve Bank of Australia: Oct-23
- The Board's unsurprising decision to maintain interest rates reflects a balanced approach amidst ongoing inflationary pressures, with a forecasted return to the 2-3% target range by late 2025.
- Despite stronger-than-expected growth, high inflation and uncertainties in both domestic and global markets, including China's economic outlook, are weighing down on Australia's economy.
- The potential for further monetary policy tightening exists, anchored in data-driven evaluations, with the Board's steadfast commitment to bringing inflation back to target.
September 28, 2023
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722060019&Signature=l2e1m3Z8kwEEc3xnqTcEHSTTOHFya70cn5fVTm9T93pXx6BmZCSsFqa~xa7zJYA6eI56plI4BzMTywXFx5nqXtYyWdgGXKoiNOEFb2R8pHzYDbmXnhXfeBlMYTY9WMLObx67AsYp99xVDmMAtBPPUgP0optDIMGRESEY7HQn-7134bWy8EQNV7OWnPCcvjkwz4X4Nv7lpSTvsYllrzYhBHc4pe1m4v6oG~P7576cbicxLh8zAtraBpRG8B-AyR1HUrbBrnjdd7sWnZkupRtQM4A246oFOgoq65uxFNVq49p8QBUJEvQTxibQKqNfAvl6pr-wplk9-TGImJjfBvxj9w__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia retail sales 0.18% m-o-m (consensus 0.3) in Aug-23
- Australia's retail sales in August 2023 grew by 0.18% compared to the previous month, falling short of market expectations.
- The growth rate is the lowest since June 2023, indicating a slowdown in retail sales.
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