Australian business investment softens in 4Q
Thursday, 1 March 2018 14:16 WIB | ASIA | AustraliaEkonomi Australia

Australian firms scaled back investment spending by 0.2% in the fourth quarter of 2017 from the third quarter, dragged down by another weak quarter of mining investment.

Economists had on average expected a 1.0% rise over the quarter in new investment.

Looking forward, firms said they expect to ramp up investment in 2017-18 by a total of 2.5% compared with a year earlier, with an initial estimate for 2018-19 pointing to a 3.5% rise over the year, according to the Australian Bureau of Statistics.

In the fourth quarter, mining investment fell by 4.7% while investment in buildings and structures fell by 2.1%.

Elsewhere, plant and machinery investment rose by 2.2% while manufacturing saw a 2.6% rise.

Australia's economy is shaking off years of a mining investment downturn, which has acted to slow growth since around 2012.

That process is expected to run for a few more quarters, but the hit to GDP growth is fading quickly while other sectors like services are in a strong expansion.

Non-mining investment has risen by around 10% in the last year, with government infrastructure spending also a strong driver of activity.

Source: Marketwatch


Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB

Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are sustained. Overall labor cash earnings increased 2 percent from a year ago, compared with a 1.5 percent gain in October. The gain was the fourth increase of at leas...

Japan's Household Spending Falls as Wage Gains Remain Subdued
Friday, 7 December 2018 08:32 WIB

Japanese households unexpectedly trimmed spending in October as wages rose modestly, pointing to continued weakness in consumption that could weigh on any rebound from an economic contraction in the third quarter. Household spending fell 0.3 percent from a year earlier, the seventh declin...

Australia's Economy Expands Less Than Expected; Currency Drops
Wednesday, 5 December 2018 08:08 WIB

Australia's economy expanded less than expected in the three months through September amid sluggish consumption and as commercial construction declined. The currency slumped almost half a U.S. cent. Gross domestic product rose 0.3 percent from the second quarter versus economists' median estim...

Caixin PMI: China factory activity rose in October
Thursday, 1 November 2018 11:33 WIB

Activity in China's factories returned to expansion territory in October after stagnating in September, a private gauge showed, in contrast with official data that showed weaker expansion. The Caixin China manufacturing purchasing managers' index edged up to 50.1 in October from 50.0 in September, ...

China Manufacturing PMI Worsens in October as Trade War Bites
Wednesday, 31 October 2018 08:17 WIB

An official gauge of activity in China's manufacturing sector worsened in October as the effects of an ongoing trade war with the U.S. hit home. The manufacturing purchasing managers index fell to 50.2 this month from 50.8 in September, missing the median prediction of 50.6 in a Bloomberg survey of...

Gold gives up nearly all of its gains, but settles at highest since late August 2013
Wednesday, 26 June 2019 01:14 WIB Gold futures gave up almost all of their earlier gains by Tuesday afternoon, though still marked the highest most-active contract settlement since August 2013. Federal Reserve Chairman Jerome Powell suggested Tuesday that an interest-rate cut in...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.