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Economics

Aust retail sales pick up in May

AAP  |  THURSDAY, 1 JUL 2004
Retail sales picked up in May despite the impact of higher petrol prices, new figures showed today.The Australian Bureau of Statistics (ABS) said retail sales grew 0.5%, in line with market expectations, to $15.98 billion, after a marginal fall in April.

Aust private sector credit rises 1.2% in May

AAP  |  WEDNESDAY, 30 JUN 2004
The Reserve Bank of Australia (RBA) said today seasonally adjusted private sector credit rose by 1.2% in May, following a revised rise of 1.4% in April.

Aust trade gap steady in May at $1.84 billion - ABS

AAP  |  TUESDAY, 29 JUN 2004
Australia's trade gap with the rest of the world remained steady in May despite a surge in farm exports, new figures showed today

Aust merchandise imports down 5.2% to $10.8 bln

AAP  |  THURSDAY, 17 JUN 2004
Merchandise imports slipped 5.2% in April to $10.8 billion, the Australian Bureau of Statistics said today.

Aust economic growth to trough in second half of 2004: index

AAP  |  WEDNESDAY, 16 JUN 2004
Australian economic growth is expected to trough in the second half of 2004 before activity picks up late in the year, a new index has shown.

Aust May business conditions steady but growth still strong: NAB

AAP  |  TUESDAY, 8 JUN 2004
Australian economic growth continued at a rapid pace through the first half of 2004, despite clearly slowing from late 2003, a survey has shown.

D&B Survey predicts a modest start to new financial year

AAP  |  TUESDAY, 8 JUN 2004
Business expectations for sales and capital investment intentions have slumped to their lowest levels in two and a half years, according to a new survey out today.

RBA says forecasting 3.75% growth in 2004

AAP  |  FRIDAY, 4 JUN 2004
The Reserve Bank was tipping economic growth for 2004 to come in at 3.75%, governor Ian Macfarlane said today.

ABS says city house prices up 2.5% in March quarter

AAP  |  THURSDAY, 3 JUN 2004
Capital city house prices rose just 2.5% in the first three months of the year, the smallest rise in three years, new figures showed today.

GDP slowdown likely to keep interest rates steady - economists

AAP  |  THURSDAY, 3 JUN 2004
A surprisingly sharp slowdown in Australia's economic growth in the March quarter would likely keep interest rates on hold for the rest of the year, economists said on Wednesday.