Australia News, Economy & Financial Markets
MacroVar analyzes in real-time economic, financial and geopolitical developments for the Australian economy and Australian financial markets by monitoring financial, economic data and real-time news. To help you forecast and analyze economic and financial developments, our team provides you with free explanation of the theory and structure of our models and access to financial and economic data.
Australia Markets Overview
Overview presents a real-time snapshot of financial and economic developments in Australia. The Australian stock market, bonds, currency and credit market dynamics are analyzed along with Australia macroeconomic dynamics.
| Symbol | Price | 1D% | M |
|---|---|---|---|
| Stock Index (AORD) | 7784.9 | 1.2 | |
| Australia (EWA) ETF | 24.42 | 1.2 | |
| Australia 2-year bond yield | 3.77 | 2.8 | |
| Australia 10-Year Bond Yield | 4.11 | 2.2 | |
| Australian Dollar US Dollar (AUD/USD) | 1.51 | -0.5 | |
| Australia CDS | 16 | -3 | |
| Manufacturing PMI | 47.7 | -1 | |
| Services PMI | 47.1 | 2 |
| Symbol | Price | 1D% | M |
|---|---|---|---|
| AUDJPY Implied Volatility | 10.49 | 0.9 | |
| ASX All Ordinaries Index (AORD) | 7784.9 | 1.2 | |
| iShares MSCI Australia ETF | 24.42 | 1.2 | |
| Australian Dollar US Dollar (AUD/USD) | 1.51 | -0.5 | |
| Australia 10-Year Bond Yield | 4.11 | 2.2 | |
| Australia 2-year bond yield | 3.77 | 2.8 | |
| Australia 12-year bond yield | 0 | 0 | |
| Australia Yield Curve | 0.36 | -5.1 | |
| Australian Dollar 1M FX | 9.6 | -5.6 | |
| AUDJPY | 0.01 | 0 | |
| Australia 5-Year Bond Yield | 3.78 | 2.7 | |
| Australia 2s5s | 0 | 0 |
| Symbol | Price | 1D% | M |
|---|---|---|---|
| building permits | 14529 | 2 | |
| business confidence | -9 | 200 | |
| car registrations | 16245 | -12 | |
| composite pmi | 47.4 | 3 | |
| construction pmi | 48.23 | 11 | |
| consumer confidence | 81 | -1 | |
| gdp growth annual | 2.1 | 5 | |
| housing index | 183.9 | 5 | |
| industrial production | 0 | -100 | |
| inflation cpi | 5.4 | -10 | |
| manufacturing pmi | 47.7 | -1 | |
| new home sales | 3604 | -7 | |
| retail sales annual | 2.2 | 83 | |
| services pmi | 47.1 | 2 | |
| unemployment rate | 3.9 | 3 |
Australia Real-Time News
Newsflow
| Time | Headlines | See All News >> |
|---|---|---|
| 11:25:45 | Australian CPI YoY SA Actual 3.70% (Forecast -, Previous 3.60%) | |
| 11:25:45 | Australian CPI MoM Actual 0.50% (Forecast -, Previous 0.40%) | |
| 11:25:45 | Australian CPI YoY NSA Actual 3.4% (Forecast 3.5%, Previous 3.4%) | |
| 15:19:00 | Asia Market Wrap: BoJ Raises Rates for First Time in 17 Years, Yen Slides | |
| 15:18:45 | Governor Bullock of the RBA stated that a rate cut will not be considered until there is greater certainty regarding the reduction of inflation. | |
| 15:18:00 | Statement regarding the Reserve Bank of Australia's interest rate decision | |
| 15:17:24 | RBA notes that the growth in unit labor costs is slowing down, but it is still at elevated levels. | |
| 15:17:21 | The uncertain RBA rate path is the one that is most likely to help CPI reach its target. | |
| 15:17:20 | The board remains determined to bring inflation back to its target. | |
| 15:17:19 | RBA: The inflation of services continues to be high, and is showing signs of slowing down at a slower rate. | |
| 15:17:17 | RBA: Confidence needed in CPI steadily reaching the target. | |
| 15:17:14 | RBA Cash Rate remains at 4.35%, as predicted and unchanged from the previous value of 4.35%. | |
| 11:04:26 | Final Australian retail sales for the month increased by 1.1%, falling short of the forecasted 1.5% and improving from the previous month's decrease of 2.7%. | |
| 11:04:25 | The Australian Capital Expenditure for the quarter showed actual growth of 0.8%, exceeding the forecasted 0.5% and the previous quarter's 0.6%. | |
| 11:04:19 | Australian Private Sector Credit came in at 0.4%, matching both the forecast of 0.4% and the previous figure of 0.4%. | |
| 11:04:16 | Australian building capital expenditures for the quarter were 1.5%, exceeding the previous value of 0.7%. | |
| 11:04:15 | Australian housing credit rose by 0.4% as per the latest data, matching the previous month's figure. There was no specific forecast provided. | |
| 11:03:48 | Australia's Treasurer Chalmers anticipates that Australia's fourth-quarter GDP data will likely show significant weakness. | |
| 11:03:47 | Australia's Treasurer Chalmers expressed that a smooth transition globally and locally is anticipated, but not guaranteed. | |
| 10:50:33 | The Australian Consumer Price Index for the month increased by 0.40%, beating the previous month's decrease of 0.10% and surpassing the forecast. | |
Australia Economic Calendar
Economic calendar presents real-time updates for actual, forecasts and consensus values of economic indicators and updates related to the Australian economy.
| Time | Imp | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|
| 08:00 | Australia Holiday | - | - | - |
Australia Financial Markets
MacroVar analytics monitors the following Australian financial markets. MacroVar models monitor a vast of financial and macroeconomic factors affecting each financial market. Click on a specific financial market to get detailed analysis.
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| ASX All Ordinaries Index | AORD | 7040.8 | 0 | -0.75 | -0.88207 | 53.9551 | 0.00165 | -0.00122 | 0.03133 | -0.03013 |
| Australia ETF | EWA | 21.12 | 0 | -1 | -1.52427 | 49.7504 | 0.01832 | 0.02276 | 0.01053 | 0.01931 |
| Australian Dollar US Dollar (AUD/USD) | AUDUSD | 1.5545 | -1 | 0.5 | 1.05498 | 42.2766 | -0.0062 | -0.01707 | -0.00994 | 0.05005 |
| Australia 5-Year Bond Yield | AU.5Y | 3.617 | -1 | -0.75 | -0.44094 | 25.7448 | 0.00194 | -0.02217 | -0.09029 | 0.04327 |
| Australia 2-year bond yield | AU.2Y | 4.376 | 0.5 | 1 | 1.52581 | 61.6732 | -0.0219 | -0.00793 | 0.07598 | 0.37827 |
| Australia 12-year bond yield | AU.2Y | 4.192 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Australia Yield Curve | AU.YC | 0.432 | 0 | 1 | 1.23321 | 50.7701 | -0.02921 | 0.0237 | -0.15953 | -0.3802 |
| Australia Credit Default Swaps | CDS.Australia | 16.5 | -1 | -1 | -2.30173 | 26.6397 | 0 | 0 | -0.08333 | -0.4 |
Australian Macroeconomic Indicators
MacroVar analytics monitors the following Australian economic indicators. Click on a specific macroeconomic indicator to get detailed analysis.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | au.balanceoftrade | 7280 | 10058 | -28 | -48 | Down | Down | 3 | 2024-02-29 |
| bank lending rate | au.banks.lendingrate | 10.51 | 10.51 | 0 | 38 | UP | UP | 85 | 2023-07-31 |
| banks balance sheet | au.banks.bs | 5169.5 | 5283.4 | -2 | 22 | UP | UP | 37 | 2021-03-31 |
| building permits | au.buildingpermits | 12520 | 12765 | -2 | -4 | Down | Down | 68 | 2024-02-29 |
| business confidence | au.bizconfidence | 1 | 0 | 0 | -200 | UP | UP | 0 | 2024-03-31 |
| capacity utilization | au.caputilization | 83.4 | 83.69 | -0 | -2 | Down | Down | 22 | 2024-02-29 |
| capital flows | au.capitalflows | -9730 | 3484 | -379 | -9 | UP | UP | 58 | 2023-12-31 |
| car registrations | au.carregistrations | 16245 | 18470 | -12 | 9 | Down | UP | 87 | 2023-12-31 |
| central bank balance sheet | au.cb.assets | 529999 | 531303 | -0 | -0 | Down | Down | 79 | 2030-02-28 |
| composite pmi | au.comppmi | 53.3 | 52.1 | 2 | 1 | UP | UP | 69 | 2024-04-30 |
| construction pmi | au.constrpmi | 48.23 | 43.26 | 11 | -15 | UP | Down | 38 | 2023-03-31 |
| consumer confidence | au.consconfidence | 82.4 | 84.4 | -2 | -4 | UP | Down | 56 | 2024-04-30 |
| consumer price index cpi | au.cpi | 136.1 | 135.3 | 1 | 16 | UP | UP | 98 | 2023-12-31 |
| core inflation rate | au.coreinflationrate | 4.2 | 5.2 | -19 | 282 | Down | UP | 92 | 2023-12-31 |
| current account | au.currentaccount | 11800 | 1276 | 825 | -15 | UP | Down | 57 | 2023-12-31 |
| current account to gdp | au.currentaccountgdp | 1.8 | 0.2 | 800 | -133 | UP | UP | 0 | 2027-01-31 |
| deposit interest rate | au.depositrate | 2.8 | 2.4 | 17 | 833 | UP | UP | 85 | 2023-07-31 |
| exports | au.exports | 45520 | 46561 | -2 | -20 | Down | Down | 11 | 2024-02-29 |
| external debt | au.externaldebt | 2344990 | 2296070 | 2 | 9 | UP | UP | 23 | 2023-12-31 |
| fiscal expenditure | au.fiscalexp | 51457 | 58720 | -12 | 9 | Down | UP | 65 | 2024-02-29 |
| foreign direct investment | au.fdi | 88849 | 27821 | 219 | 121 | UP | UP | 0 | 2022-01-31 |
| foreign exchange reserves | au.fxreserves | 89692 | 90527 | -1 | 2 | Down | UP | 32 | 2024-03-31 |
| gdp | au.gdp | 1675.42 | 1552.67 | 8 | 46 | UP | UP | 0 | 2022-12-31 |
| Real GDP | au.realgdp | 609750 | 608293 | 0 | 22 | UP | UP | 93 | 2023-12-31 |
| gdp growth | au.gdpgrowth | 0.2 | 0.2 | 0 | -94 | Down | Down | 16 | 2023-12-31 |
| gdp growth annual | au.gdpgrowthan | 1.5 | 2.1 | -29 | -250 | Down | UP | 3 | 2023-12-31 |
| gold reserves | au.goldres | 79.85 | 79.85 | 0 | 16 | UP | UP | 98 | 2021-12-31 |
| government budget | au.govbudget | -1.4 | -6.6 | -79 | -67 | UP | UP | 0 | 2022-01-31 |
| Government budget | au.govbudgetvalue | 17075.5 | -10114.4 | -269 | 23 | UP | UP | 65 | 2024-02-29 |
| government debt to gdp | au.govdebtgdp | 22.3 | 28.6 | -22 | 9 | UP | UP | 0 | 2022-01-31 |
| government revenues | au.govrev | 68533 | 48606 | 41 | 12 | UP | UP | 69 | 2024-02-29 |
| housing index | au.housingindex | 183.9 | 175.6 | 5 | 31 | 100.0 | 100.0 | 100 | 2021-12-01 |
| imports | au.imports | 38239 | 36503 | 5 | -10 | Down | Down | 29 | 2024-02-29 |
| industrial production | au.indproduction | 0.2 | 0 | 0 | -109 | Down | UP | 23 | 2023-12-31 |
| industrial production mom | au.indproductionmm | 0.4 | -0.8 | -150 | 33 | UP | UP | 88 | 2023-12-31 |
| inflation cpi | au.inflationcpi | 4.1 | 5.4 | -24 | 8 | Down | UP | 62 | 2024-06-30 |
| inflation expectations | au.inflationexp | 4.6 | 4.3 | 7 | 0 | Down | Down | 48 | 2024-04-30 |
| interbank rate | au.interbankrate | 4.07 | 4.02 | 1 | 228 | UP | UP | 97 | 2023-07-31 |
| interest rate | au.interestrate | 4.1 | 4.1 | 0 | 122 | UP | UP | 75 | 2023-08-01 |
| loans to private sector | au.loanprivate | 1135.32 | 1127.33 | 1 | 7 | UP | UP | 76 | 2024-02-29 |
| Manufacturing PMI | au.manpmi | 47.3 | 47.8 | -1 | -1 | Down | Down | 63 | 2024-04-30 |
| money supply m0 | au.msm0 | 460.05 | 465.22 | -1 | -20 | Down | Down | 2 | 2024-02-29 |
| money supply m1 | au.msm1 | 1663.53 | 1649.71 | 1 | 1 | UP | UP | 21 | 2024-01-31 |
| money supply m3 | au.msm3 | 2996.12 | 2975.34 | 1 | 5 | UP | UP | 33 | 2024-02-29 |
| new home sales | au.newhomesales | 3703 | 3518 | 5 | 8 | UP | UP | 72 | 2024-02-29 |
| Producer Price Index | au.producerprices | 128.2 | 127 | 1 | 14 | UP | UP | 99 | 2023-12-31 |
| PPI Index | au.producerpricesch | 3.8 | 3.9 | -3 | -1050 | UP | UP | 3 | 2023-09-30 |
| retail sales MoM | au.retailsales | 0.3 | 1.1 | -73 | 0 | UP | Down | 65 | 2024-03-31 |
| retail sales | au.retailsalesan | 1.6 | 1.2 | 33 | -79 | Down | Down | 22 | 2024-01-31 |
| services pmi | au.servpmi | 54.4 | 53.1 | 2 | 1 | UP | UP | 61 | 2024-04-30 |
| total vehicle sales | au.vehiclesales | 109647 | 105023 | 4 | 13 | UP | UP | 72 | 2024-03-31 |
| unemployment rate | au.unemploymentrate | 3.8 | 3.7 | 3 | 9 | UP | UP | 75 | 2024-03-31 |
| youth unemployment rate | au.ytunemploymentrate | 9.6 | 9.1 | 5 | 22 | UP | UP | 83 | 2024-02-29 |
| Australia Commodity prices – SDR | au.com.price.price | 133.1 | 129.1 | 3 | 41 | UP | UP | 95 | 2021-04-30 |
Australian Economic overview
Australia has a diverse and resource-rich economy. Australia's economy has experienced almost three decades of uninterrupted economic growth, mainly driven by exports of minerals and commodities.
Unemployment and Labor Market
Unemployment rates in Australia tend to be relatively low compared to other developed countries. However, the pandemic led to a temporary spike in unemployment. The labor market is characterized by a high level of workforce participation and a strong emphasis on skilled migration.
Inflation
The Reserve Bank of Australia (RBA) aims to maintain inflation between 2% and 3%. Inflation had been relatively low and stable.
Monetary Policy
The RBA controls monetary policy in Australia. It uses interest rates to influence economic conditions, including inflation and employment.
Fiscal Policy
The Australian government plays a significant role in the economy through fiscal policy.
Trade and Exports
Australia relies heavily on exports, particularly in the mining and agricultural sectors. Major trading partners include China, Japan, and South Korea. Trade tensions with China have been a concern, as China is a crucial trading partner.
Housing Market
The Australian housing market has experienced fluctuations in recent years, with some cities experiencing significant price increases, while others have remained relatively stable.
Challenges and Opportunities:
- Challenges include the need for economic diversification, as Australia's reliance on resource exports makes it vulnerable to commodity price fluctuations.
- Climate change and its impact on agriculture and natural resources are also important challenges.
- Opportunities lie in developing technology and innovation sectors, renewable energy, and expanding trade relationships with emerging markets.