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The Big Three |
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Sales of new vehicles in Australia were up strongly in August, compared to the same month last year, underlining the resilience of household demand outside of the retail sector. The Australian Federal Chamber of Automotive Industries said vehicle sales were up 8,835 or 12.1 per cent in August compared to a year earlier. That compared to annual growth of 9.3 per cent in July. (03 Sep) |
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Trade surplus down from huge June Australia recorded a trade surplus of about $1.9 billion in July, well below economists' forecasts, according to data from the Australian Bureau of Statistics. A Reuters poll showed the market expected a median surplus of $3.1 billion. Estimates ranged between a surplus of $1.9 billion to $4 billion. (02 Sep) |
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The economy grew a seasonally adjusted 1.2% in the June quarter, up from a revised 0.7% pace reported for the January-March period, the Australian Bureau of Statistics reported. Economists had expected gross domestic product to register a 0.9% expansion rate for the June quarter. (01 Sep) |
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