Australia's employment surges in November, surpassing expectations, but jobless rate rises to a 1-1/2 year high. Dollar soars as job ads indicate strong demand for workers. Implications for Reserve Bank of Australia's tightening cycle and potential rate cuts.
Australian business confidence takes a hit as sales weaken and prices rise. Survey reveals lowest level of confidence since the pandemic, raising concerns about sluggish growth in the fourth quarter.
Australian Economy Unexpectedly Slows as Consumers Hunker Down During Rising Borrowing Costs. GDP growth falls short, raising concerns about inflation. With high rates impacting households, policymakers closely monitor consumer spending. Uncertainty looms in Australia's economic landscape.
Australian business confidence takes a hit as sales weaken and prices rise. Survey reveals lowest level of confidence since the pandemic, raising concerns about sluggish growth in the fourth quarter.
Australia's employment surges in November, surpassing expectations, but jobless rate rises to a 1-1/2 year high. Dollar soars as job ads indicate strong demand for workers. Implications for Reserve Bank of Australia's tightening cycle and potential rate cuts.