Category: australia

The latest Monthly Business Turnover Indicator for October 2023, derived from Australian Taxation Office Business Activity Statements, reveals insights into business performance. In seasonally adjusted terms: https://www.abs.gov.au/statistics/economy/business-indicators/monthly-business-turnover-indicator/oct-2023

Australia’s retail sector experienced a minor setback in October 2023, with a 0.2% month-on-month decrease in seasonally adjusted estimates. However, compared to the same month last year, retail trade rose by 1.2%, indicating a positive year-on-year trend. Key Highlights: While the minor monthly decline is noteworthy, the impending cessation of the Retail Business Survey and…

Australia’s October labor market data, released on November 16, 2023, paints a picture of stability with subtle shifts in key indicators. In trend terms, the unemployment rate remained steady at 3.7%, indicating a consistent labor market. However, seasonally adjusted figures showed a marginal uptick to 3.7%, highlighting the nuanced nature of workforce dynamics. The participation…

The Australian Bureau of Statistics (ABS) has reported that the Wage Price Index (WPI) experienced an unprecedented quarterly growth of 1.3% in the September quarter of 2023, marking the highest increase in the 26-year history of the WPI. On an annual basis, wages grew by 4.0%, representing the highest yearly growth since the March quarter…

The latest data from the Australian Bureau of Statistics (ABS) reveals a positive trend in business turnover, with ten out of 13 selected industries reporting increases in September. The Information media and telecommunications industry led the way with an impressive 3.2% monthly surge in business turnover. This marks a significant rebound from last month’s 1.8%…

The latest data from the Australian Taxation Office (ATO) reveals diverse trends in business turnover for September 2023. In seasonally adjusted terms: On a year-on-year basis: It’s important to note that the data is an experimental indicator derived from ATO Business Activity Statements, covering 13 of the 19 industry divisions. Caution is advised when comparing…

The Australian Bureau of Statistics has unveiled the latest life expectancy data for the period of 2020-2022. Here are the key findings: National Overview: State and Territory Breakdown: Regional Disparities: International Ranking: The data reveals shifts in life expectancy patterns influenced by the COVID-19 pandemic, with 2020 seeing a lower-than-expected death rate, followed by an…

Australian retail sales volumes experienced a modest increase of 0.2 per cent in the September quarter of 2023, according to seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS). Ben Dorber, ABS head of retail statistics, noted, “The small rise in retail sales volumes follows three quarterly falls in a row. Retail…

In the latest data from the Australian Bureau of Statistics (ABS), new lending trends for September 2023 reveal a 0.6% increase in total housing commitments, reaching $25.01 billion. Notably, personal fixed term loans rose by 2.7% to $2.54 billion, while business construction loans surged by 10.5% to $2.32 billion. Owner-occupier housing saw a marginal dip…

Australia’s estimated resident population (ERP) by country of birth, released on October 31, 2023, paints a vivid picture of the nation’s demographic tapestry. Here are key highlights from the latest release: https://www.abs.gov.au/statistics/people/population/australias-population-country-birth/2022

The latest release of retail trade data for September 2023 indicates positive momentum in the Australian retail sector, reflecting ongoing recovery. Here are the key highlights: Overall Performance: Detailed Results: Turnover at Current Prices (September 2023): Sectoral Analysis: Important Note: The positive performance across various retail sectors signals a resilient and recovering Australian economy, reflecting…

The Australian Bureau of Statistics (ABS) has released key economic indicators for the 2022-23 financial year, providing insights into the nation’s economic performance. Key Highlights: Productivity and Prices: Current Price Measures: Saving and Wealth Dynamics: Implications and Outlook: The data reflects a mixed economic picture, with robust GDP growth tempered by challenges in productivity and…

Australia’s latest Producer Price Indexes (PPIs) for September 2023 reveal a 1.8% increase in final demand (excluding exports) for the quarter. The PPI data encompasses various sectors, including mining, manufacturing, construction, and services industries. Key Highlights: Understanding the Figures: Implications and Outlook: The quarterly growth in final demand indicates resilience and activity across various economic…

The Consumer Price Index (CPI) in Australia increased by 1.2% in the third quarter of 2023, as reported by the Australian Bureau of Statistics. This rise is attributed to significant increases in Automotive fuel (+7.2%), Rents (+2.2%), New dwelling purchase by owner-occupiers (+1.3%), and Electricity (+4.2%). Annual Inflation Overview: Key Contributors to Inflation: Government Initiatives:…

In the latest release from the Australian Bureau of Statistics (ABS) on Labour Force, Australia, for September 2023, the unemployment rate in Australia decreased by 0.1 percentage point to 3.6%, according to seasonally adjusted data. Kate Lamb, ABS Head of Labour Statistics, highlighted that while employment saw a modest increase of around 7,000 people and…

The Australian Bureau of Statistics (ABS) has released the latest labor force data for September 2023, providing key insights into the nation’s economic landscape. Here are the headline estimates: Trend Estimates: Seasonally Adjusted Estimates: Additional Insights: Yearly Changes: State and Territory Breakdown (Trend): Caution: Large month-to-month changes occurred during the COVID-19 pandemic, impacting trend estimates.…

In a recent release of data from the Australian Bureau of Statistics, it has been revealed that Australian women are opting for fewer children and delaying motherhood. Emily Walter, Head of Demography at ABS, noted that this trend aligns with the evolving landscape of parenthood over the past four decades. Key Highlights: Ms. Walter stated,…

The Australian Bureau of Statistics (ABS) recently released comprehensive data shedding light on the factors influencing labor force participation and work hours during the 2020-21 financial year. Here are key highlights: Labour Force Overview (2020-21): Barriers to Work: COVID-19 Impact: Childcare Challenges: Job Search Difficulties: Incentives for Labour Force Participation: Parental Perspectives: Long-Term Health Conditions:…

The Australian Bureau of Statistics (ABS) has reported a positive rebound in business turnover for August 2023, with eight out of 13 selected industries experiencing growth. Key Highlights: Year-on-Year Trends: https://www.abs.gov.au/media-centre/media-releases/business-turnover-shows-positive-rebound-august

In a resounding sign of recovery, the latest statistics from the Australian Bureau of Statistics reveal a substantial surge in international travel to and from Australia for the month of August 2023. Soaring Arrivals: Short-term visitor arrivals reached a staggering 603,360, marking a robust annual increase of 254,920 trips. Australians returning home also showed a…