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Australian exports have declined by five percent and imports have dropped by four percent in the figures from May released by the Australian Bureau of Statistics. The trade balance of goods and services for the month was $556 million deficit, seasonally adjusted, following a $282 million shortfall in April. The deficit is almost four time [...]
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Increased production in the meat and dairy sector has led to a rise in manufacturing sales for New Zealand, according to their national statistics bureau. Statistics New Zealand reports that sales gained 0.2 percent in the March quarter compared with the previous three months, and that meat and dairy sales surged 23 percent. Without meat [...]
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Figures released by the Australian Bureau of Statistics confirming that Australia is not in a recession, in conjunction with the Reserve Bank’s decision to keep the interest rate at three percent, have raised hopes that Australia can weather the global economic downturn. RBA governor Glenn Stevens yesterday pointed to a stabilising global economy, although he [...]
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According to statistics compiled by MariTrade, the Australian economy currently surpasses its global counterparts with regard to the movement of freight. Both import and export airfreight have shown an upward trend in the last few months compared to drops in other nations. Exports of perishable goods have boosted export freight volumes, while high-value imports have [...]
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The Australian Bureau of Statistics has just released its figures for short-term visitors to Australia in March, showing a 0.9 percent increase in tourism on the previous month. This is the third consecutive rise in arrivals, with January and February both recording a one percent rise, and is 0.7 percent up on last year’s visitor [...]
...read moreIn some surprise and welcome news, the unemployment rate fell from 5.7 percent to 5.4 percent in April. Economists have long been predicting the unemployment rate will continue to rise over the next year, reaching as high as seven percent by 2010. However, data from the Australian Bureau of Statistics shows total employment increased by [...]
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