Australia's Core Inflation Weaker Than Forecast in Third Quarter
Wednesday, 31 October 2018 07:54 WIB | ASIA | AustraliaInflasiCPI Australia

Australia's annual core inflation was weaker than forecast in the three months through September, suggesting the central bank™s prolonged interest-rate pause has further to run.

Quarterly trimmed-mean inflation, the key core measure, rose 0.4% vs an estimated 0.4%; annual trimmed mean advanced 1.8% vs a forecast 1.9%.

Quarterly consumer price index, or headline inflation, climbed 0.4% vs estimate of 0.5%; annual CPI increased 1.9% vs forecast 1.9%.

Quarterly weighted-median gauge, also a core measure, rose 0.3% vs estimated 0.4%, while the annual gauge gained 1.7% vs a forecast 1.9%.

Aussie dollar bought 70.93 U.S. cents at 11:33 a.m. from 71.02 cents prior to report.

Australia is in a fourth year of subdued inflation, with headline prices only boosted by a spike in oil: Brent crude averaged 45 percent higher in the three months through September than the same period a year earlier. Governor Philip Lowe expects consumer prices will only gradually return to the midpoint of the Reserve Bank of Australia™s 2-3 percent target as the economy grapples with weak wages that have been the bane of much of the developed world.

Lowe is relying on an acceleration in wage growth as the impact of key recent inflation drivers -- tobacco and electricity -- begins to wane. Policy makers are banking on a record-low cash rate of 1.5 percent to help boost hiring and tighten the jobs market; traders see little chance of a hike in the next year.

Source: Bloomberg

RELATED NEWS

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...

ANOTHER NEWS
Dow jumps 300 points, Target and Lowe's surge on strong earnings
Wednesday, 21 August 2019 23:26 WIB Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. The Dow Jones Industrial Average traded 300 points higher, or 1.2%. The S&P 500 gained 0.9% while the Nasdaq Composite...

DISCLAIMER

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.