A fall in coal exports and other mining commodities have increased the trade deficit.
Glenda Kwek Australia’s construction sector has declined for the 33rd consecutive month as apartment and commercial construction activity continued to fall.
Glenda Kwek Australia’s economy grew 0.6 per cent last quarter, as government investment and exports increased, taking growth for the year to 3.1 per cent.
Australian homes are the most affordable in three years, thanks to rising incomes and falling interest rates.
Malcolm Maiden The Reserve Bank has kept its rate-cut powder dry, but the gun is still loaded.
Michael Pascoe The Reserve Bank’s foot remains on the accelerator, ready to feed the economy bus more juice if any steep hills appear.
The following is a chronology of the Reserve Bank of Australia's interest rate moves since 1990.
Glenda Kwek The Reserve Bank has kept interest rates at 3 per cent for the second month in a row at its March board meeting today.
Sales of new vehicles in Australia were up 5.2 per cent in February from a year earlier, with Japanese carmakers taking out the top three spots.
Australia’s current account deficit narrowed to $14.678 billion in the December quarter, seasonally adjusted.
Australian government spending on consumption and investment jumped 4.9 per cent in the fourth quarter of 2012 to an inflation adjusted $86.39 billion.
Glenda Kwek Retail sales have risen by 0.9 per cent for the month of January, surpassing economists’ expectations, following three consecutive months of falls.
Glenda Kwek The Reserve Bank is expected to look through the mixed set of economic data released today and keep interest rates on hold at its board meeting tomorrow.
Consumer prices were unchanged in February as a rise in vehicle fuel and fruit and vegetables prices offset falls in holiday and travel accommodation.
Australia’s manufacturing sector continued to shrink in February, but the rate of contraction has slowed.
Michael Pascoe I don’t know what happy drug the markets were on yesterday but it must have been powerful to get a positive reaction out of poor business investment figures.
Glenda Kwek A better-than-expected forecast of business investment and a lift in new home sales have eased pressure on the Reserve Bank to cut the cash rate next week.
Glenda Kwek Business investment unexpectedly fell last quarter but estimates for 2013-14 come in at the top end of expectations.
Gareth Hutchens The economy is likely to keep growing steadily and the AAA rating is not at risk, but the housing market appears vulnerable to a downturn, S&P says.
Construction spending was flat last quarter as engineering work came off record highs, though a pick-up in home and commercial building could be a sign that lower interest rates are starting to feed...