Category: australia

In a promising development for Queensland’s property market, new data from the Australian Bureau of Statistics (ABS) reveals that investor housing loan commitments in the state saw a substantial rise of 6.8 percent, reaching $1.9 billion in July 2023. This significant increase in investor housing loan commitments comes as a boost to the state’s real…

The latest lending indicators for Australia, covering new borrower-accepted finance commitments for housing, personal, and business loans for July 2023, reveal a mixed landscape for the country’s financial sector. Key Highlights: Housing Loan Commitments: Personal Loans: Business Loans: Important Data Quality Notes: Analysis: In July 2023, the housing market in Australia saw a decline in…

The latest data from the Australian Bureau of Statistics (ABS) reveals the state of the construction industry in the June quarter. The figures indicate a combination of growth and challenges in the sector. Key Highlights: These figures reflect a mixed landscape for the construction sector in Australia, with engineering projects driving growth, while building work…

An experimental snapshot of Australia’s housing landscape has been unveiled using administrative data, providing insights into key housing statistics and trends. According to the latest data from June 30, 2021, approximately 94% of houses across Australia were recorded in government administrative data sources over the past five years. Out of these, 89% were utilized as…

Australian retail turnover experienced a rise of 0.5% in July 2023 (seasonally adjusted), as per data unveiled by the Australian Bureau of Statistics (ABS). Ben Dorber, Head of Retail Statistics at ABS, stated that this increase in July partially counteracted the significant decline in turnover observed in the previous month. This decline was attributed to…

Recent data from the Australian Bureau of Statistics (ABS) reveals that Business Expenditure on Research & Development (R&D) for the financial year 2021-22 reached $20,642 million, indicating a significant 14 percent increase compared to the figures from 2019-20. Robert Ewing, the Head of Business Statistics at ABS, highlighted the significance of this release: “Today’s data…

The Australian business landscape has experienced dynamic shifts in the period from July 2019 to June 2023, according to the recently released “Counts of Australian Businesses, including Entries and Exits” report. As of June 30, 2023, Australia boasted a total of 2,589,873 actively trading businesses, representing a 0.8% increase (19,973 businesses) compared to the previous…

The Australian Bureau of Statistics (ABS) has revealed that the unemployment rate in Australia rose by 0.2 percentage points to 3.7% in July (seasonally adjusted). This shift was accompanied by a decrease in employment by approximately 15,000 individuals and an increase of 36,000 individuals in the number of unemployed, leading to the elevated unemployment rate.…

According to the data released today by the Australian Bureau of Statistics (ABS), payroll jobs experienced a minor reduction of 0.2% during the period leading up to July 15, 2023, following a 0.3% increase in the previous month. Bjorn Jarvis, the Head of Labour Statistics at ABS, explained, “The latest data for the month indicates…

In the latest release on August 9, 2023, Australia’s Monthly Business Turnover Indicator for June 2023 has been unveiled, offering insights into the country’s economic landscape. This experimental indicator, derived from monthly Business Activity Statements (BAS) data from the Australian Taxation Office (ATO), presents a snapshot of business turnover trends across various industries. Key highlights…

The latest release of the Monthly Household Spending Indicator for June 2023 highlights notable trends in Australian household spending patterns. The experimental indicator, based on bank transactions data, provides insights into how households allocate their funds across various categories. Here are the key takeaways from the report: https://www.abs.gov.au//statistics/economy/finance/monthly-household-spending-indicator/jun-2023

Living costs for employee households in Australia saw a significant increase of 1.5 per cent in the June 2023 quarter, as reported by the Australian Bureau of Statistics (ABS). According to Michelle Marquardt, the head of prices statistics at ABS, all household types experienced living cost rises equal to or higher than the Consumer Price…

Australian retail sales volumes have encountered a setback for the third consecutive quarter, declining by 0.5 per cent in the June quarter of 2023, according to recent data released by the Australian Bureau of Statistics (ABS). The drop comes after a 0.8 per cent decrease in the previous quarter and a 0.4 per cent fall…

Australia’s international trade in goods and services has been a critical economic indicator, reflecting the nation’s economic strength and global engagement. In June 2023, the country experienced a notable increase in its balance on goods and services surplus, resulting in positive outcomes for the nation’s trade prospects. The Australian Bureau of Statistics (ABS) recently released…

The latest release of the Living Cost Indexes (LCIs) for June 2023 reveals that all five LCIs experienced price increases between 0.8% and 1.5% during the quarter. Over the past twelve months, living costs for selected household types rose by 6.3% to 9.6%. The main contributors to the quarterly rises in living costs were Insurance…

The latest release of the Provisional Mortality Statistics by the Australian Bureau of Statistics (ABS) has revealed a decline in the number of deaths in April 2023 compared to the same month in the previous year. The data, which covers the reference period from January to April 2023, was released on 28th July 2023. According…

The Australian Bureau of Statistics (ABS) has released new microdata, offering researchers and analysts an in-depth view of the country’s labor market engagement over time. The data, which includes information from the Barriers and Incentives to Labour Force Participation survey (Sep quarter 2014 to Mar quarter 2023) and the Participation, Job Search and Mobility survey…

According to the latest release by the Australian Bureau of Statistics (ABS) on 1st August 2023, the key statistics for June 2023 are as follows: In more detail, the seasonally adjusted estimate for the number of dwellings approved in Australia fell by 7.7% in June 2023, following a substantial 20.5% increase in May. The trend…

The latest lending indicators released by the Australian Bureau of Statistics (ABS) reveal a mixed performance in the lending landscape for June 2023. The data covers new borrower-accepted finance commitments for housing, personal, and business loans, shedding light on the borrowing trends in the country. Housing Finance: The housing sector experienced a slight setback as…

Data from the latest release by the Australian Bureau of Statistics (ABS) reveals that retail businesses in Australia experienced varied performance in June 2023. The seasonally adjusted estimate indicates a 0.8% month-on-month decline in turnover, while it witnessed a 2.3% increase compared to June 2022. The ABS is set to include more detailed results for…