Australia News

Australia's Services Sector Sees Significant Growth in July, Marking a Strong Start to Q3 2025

Australia's services sector showed robust growth in July 2025, with the PMI Business Activity Index rising to 53.8. The Composite PMI also reflected this positive trend, adjusting ...

Unexpected Rise in Australia's Unemployment Rate to 4.3% in June Sparks Economic Concerns

Australia's unemployment rate unexpectedly rose to 4.3% in June, with a mixed performance in job creation. Full-time employment declined, while part-time jobs increased, and the nu...

Australia's Job Market Holds Steady: Unemployment Rate Stays at 4.1% in April

Australia's unemployment rate remained steady at 4.1% in April, with 89,000 jobs added. Full-time employment rose by 59,500, while part-time employment increased by 29,500. The emp...

April Sees a Slight Dip in Australia's Private Sector Activity, What's Behind the Slowdown?

Australia's private sector activity showed a slight decline in April, with key PMI indicators falling from March. Despite the slowdown, domestic demand remains a strong driver for ...

Australia Achieves a Staggering 3B Dollar Trade Surplus in February, Signaling Economic Resilience

Australia's trade surplus reached an impressive 3 billion Australian dollars in February, highlighting the country's economic resilience and strong export performance. This achieve...

February Sees Australia's Unemployment Rate Holding Steady at 4.1%

Australia's unemployment rate remained at 4.1% in February, with a decrease in job acquisitions and a drop in the participation rate. However, there was a slight decrease in the nu...

Australia's Trade Surplus Surges to 5.6B AUD in January, Exceeding Expectations

Australia's trade surplus soared to 5.6 billion AUD in January, driven by a 1.3% increase in exports and a 0.3% decrease in imports, exceeding expectations and signaling strong eco...

January Sees a Surge in Australia's Service Sector Activity: A 32-Month Confidence High

Australia's service sector activity expanded in January, with business confidence hitting a 32-month high. The composite PMI reached 51.1, and the services sector grew to 51.2. Emp...

November Sees a Significant 0.8% Jump in Australia's Retail Sales

Australian retail sales saw a 0.8% increase in November, reaching 37 billion Australian dollars, a 3% rise from the previous year. The growth was significantly influenced by Black ...

Australia's Trade Surplus Soars to A$7 Billion in November, Surpassing Expectations

Australia's trade surplus reached A$7 billion in November, exceeding expectations and showing a significant increase from October's figures. Imports rose by 1.7%, while exports sur...

December Sees Steady Growth in Australia's Private Sector Amid Economic Optimism

Australia's private sector showed marginal growth in December with a PMI of 50.2, indicating stability. The services sector grew slightly, but employment saw a cautious reduction. ...

Australian Unemployment Drops to 3.9% in November: A Closer Look

Australia's unemployment rate dropped to 3.9% in November, with 35,600 new jobs added. Full-time employment saw a significant increase, while part-time employment decreased. The un...