AEIR 2017

The Australian economy expanded by 3.3% saar in the second quarter of 2017, improving on the 1.3% recorded in the first quarter. Consumption was the main driver of growth, contributing 2.5 percentage points, with fixed capital formation adding 1.5 percentage points and net exports 1.3 percentage points. Change in inventories subtracted 2.2 percentage points. Seasonally adjusted retail sales were stagnant in July 2017, falling to zero growth from 0.2% in the previous month. The consumer sentiment index marginally increased to 96.6 in July from 96.2 in June, still below the 100-point optimism threshold, while the seasonally adjusted unemployment rate held steady at 5.7%. The Australian Industry Group’s performance of manufacturing index increased to 59.8 in August from 56.0 in the previous month, well above the threshold of 50 indicating expansion in manufacturing.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 5.0 (Apr18)6.0 5.0
Broad Money Growth 2 3.8 (Mar18)3.8 3.9
Headline Inflation Rate 3 1.9 (Mar18)2.1 0.0
Industrial/ Manufacturing Production Growth Rate 3 1.7 (Dec17)1.1 0.0
Merchandise Export Growth 3 5.8 (Mar18)5.8 6.6
1 Monthly average, local index.
2 %.
3 y-o-y, %.
Source: Bloomberg LP; CEIC database.