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No Steer From The Minutes of Australia's Central Bank But Data Was Robust, Notes ANZ
There was no 'smoking gun' in the minutes of the June Reserve Bank of Australia (RBA) Board meeting to suggest a rate hike in August is its base case, noted ANZ Bank.
Australian Household Spending Up 0.1%
Australian household spending was 0.1% higher than the previous year, but annual spending growth has slowed in recent months, according to data released on Friday by the Australian Bureau of Statistics.
Australia May See Further Weakening Of Industrial Activities And External Trade: MIDF Says
Australia's foreign trade balance posted a surplus of 5.77 billion Australian dollars ($3.9 billion) in May, the country's statistical bureau revealed on Thursday, news reports cited yesterday.
Australian Service-Sector Expansion Slows in June: PMI Report
Employment growth eased, and new business activity slackened in Australia's services industry in June, though the sector still managed to expand, S&P Global reported Wednesday.
Australia's Trade Surplus Narrows to 5,773M MoM in May Vs. 6,678M expected
Australia’s trade surplus narrowed to 5,773M MoM in May versus 6,678M expected and 6,548M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.
Australian Retail Sales Rise, but Spending Still Weak -- Market Talk
0645 GMT - Australian retail sales growth was surprisingly strong in May, but overall spending remains weak, Moody's Analytics says. May's jump was largely driven by early, heavy discounting ahead of