Category: australia

In August 2023, Australia’s Monthly Business Turnover Indicator, an experimental measure derived from Business Activity Statements (BAS), exhibited notable trends. Here are the key highlights: Overall Trends: Year-on-Year Comparisons: Industry Analysis – Monthly Turnover: Year-on-Year Industry Performance: Cautionary Notes: Industry-Specific Trends: https://www.abs.gov.au/statistics/economy/business-indicators/monthly-business-turnover-indicator/aug-2023

A comprehensive study by the Australian Bureau of Statistics (ABS) has uncovered that over two in five Australians, accounting for 42.9% of the population aged 16–85 years, have experienced a mental disorder in their lifetime. The study, spanning 2020–2022 and involving nearly 16,000 participants, sheds light on the mental health landscape in the community. Linda…

The Monthly Household Spending Indicator for August 2023, released by the Australian Bureau of Statistics, reveals encouraging trends in the country’s economic landscape. https://www.abs.gov.au/statistics/economy/finance/monthly-household-spending-indicator/aug-2023

Australia witnessed a surge in its trade surplus for August 2023, as reported by the latest release of the International Trade in Goods and Services data. The seasonally adjusted balance on goods and services recorded a surplus of $9,640 million, marking a substantial increase of $2,316 million compared to July 2023. Key Highlights: Trade Overview…

The latest release on lending indicators for August 2023 reveals significant movements in new borrower-accepted finance commitments across housing, personal, and business loans in Australia. Housing Finance Highlights: External Refinancing: Personal Finance: Business Finance: The lending indicators reflect a dynamic economic landscape, with housing finance showing mixed trends and business finance demonstrating resilience. These movements…

Australia experienced a 5.2% rise in the monthly Consumer Price Index (CPI) for the twelve months ending August 2023, as reported by the Australian Bureau of Statistics (ABS). This marks an increase from the 4.9% observed in July. Key Highlights: The ABS also provided insights into the changes in the Electricity index, reflecting the impact…

The Australian Bureau of Statistics (ABS) released data today indicating that household wealth in Australia has seen a consistent increase, rising by 2.6 percent (equivalent to $379 billion) in the June quarter of 2023. This marks the third consecutive quarter of growth. As of June 2023, total household wealth reached $15.1 trillion, reflecting a notable…

Australia’s international trade surplus experienced a decrease of $2,229 million in July 2023, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). Key Statistics for July 2023: The ABS also announced the cessation of monthly International Trade in Services statistics in this monthly publication from the September 2023 reference month. However,…

Australian retail turnover experienced a modest increase of 0.2% in August 2023, as reported by seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS). This follows a 0.5% rise in July 2023 and a 0.8% fall in June 2023. Ben Dorber, Head of Retail Statistics at ABS, commented, “The modest rise in…

The latest data from the Australian Bureau of Statistics (ABS) reveals insights into the retail sector’s performance for August 2023. Key Statistics: An additional information release on October 6, 2023, will provide more detailed results, including state-by-industry and state-by-industry sub-group results. Total Turnover: Note: Trend estimates from March 2020 to June 2022 are unavailable due…

The Australian labor market faced a downturn as job vacancies dropped to 390,000 in August 2023, marking a decrease of 38,000 from May, as reported by the Australian Bureau of Statistics (ABS). Kate Lamb, ABS Head of Labour Statistics, highlighted a 9% reduction in job vacancies between May and August, contributing to an 18% decline…

The Australian Bureau of Statistics (ABS) has released the latest data on the Consumer Price Index (CPI) for August 2023, revealing an annual increase of 5.2 percent. This figure is up from 4.9 percent in July but remains below the peak of 8.4 percent recorded in December 2022. Key Contributors to the August Annual Increase:…

Here are the key statistics related to corrective services in Australia for the June Quarter 2023: Persons in Custody: Imprisonment Rates: Sex: Type of Custody: Legal Status: Aboriginal and Torres Strait Islander Prisoners: Federal Sentenced Prisoners: Prisoner Receptions and Releases: Community-Based Corrections: Type of Community-Based Corrections Orders: These statistics provide an overview of the state…

The Australian Bureau of Statistics (ABS) has released the latest data on labour hire workers in Australia for June 2023. This report provides valuable insights into the characteristics of these workers and the labour supply services industry. Here are the key statistics and findings: These statistics shed light on the evolving landscape of labour hire…

The latest data from the Australian Bureau of Statistics (ABS) reveals that Australia’s unemployment rate held steady at a low 3.7 percent in August, as reported today. Bjorn Jarvis, the head of labour statistics at ABS, commented on the findings, stating that “despite employment increasing by approximately 65,000 individuals and only a slight drop of…

The latest data from the Australian Bureau of Statistics (ABS) reveals the state of the labor market for August 2023. The key statistics indicate stability in several important areas: Unemployment Rate Remains Steady: The unemployment rate for August 2023 remained unchanged at 3.7%, indicating a continued stable job market. Growing Workforce Participation: The participation rate…

Australia’s latest Monthly Business Turnover Indicator, based on data from Business Activity Statements (BAS), offers insights into the performance of various industries for the month of July 2023. Key Findings: About the Indicator: This experimental indicator is derived from the Australian Taxation Office’s (ATO) Business Activity Statements (BAS) turnover data, primarily from monthly BAS remitters.…

The latest data release on Australia’s residential property market reveals significant growth in dwelling values, with the total value of dwellings reaching remarkable levels in the June Quarter of 2023. Key Statistics: Total Value of Dwelling Stock: The preliminary estimate for the total value of residential dwellings in Australia during the June quarter of 2023…

Australia’s private capital expenditure demonstrated positive signs of growth in the June 2023 quarter, according to the latest data released today. Key Statistics: Future Outlook: The outlook for the 2023-24 financial year appears promising, with an estimated expenditure of $157.8 billion. This represents a substantial 14.5% increase compared to the previous estimate for the same…

The latest figures from the Australian Bureau of Statistics (ABS) reveal a 2.8% rise in private new capital expenditure (capex) for the June quarter of 2023. This growth is accompanied by a substantial 10.8% increase compared to the same period last year. Robert Ewing, Head of New Capital Expenditure Statistics at ABS, noted that this…