Australian business conditions hold strong in Aug, cost pressure elevated

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 78%

الإمارات العربية المتحدة أخبار أخبار

Market News

SYDNEY, Sept 12 - Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while inflationary pressures remained elevated, a result that could add to the case for more monetary tightening to tame inflation.

The survey's measure of employment gained 3 points to +9, while the sales index picked up 1 point to +18 and profitability rose 2 points to +13. "There was a notable rise in the employment index which is well above the long-run average, suggesting labour demand has remained strong into the second half of the year," said NAB's chief economist Alan Oster.

Indeed, growth in labour costs was 3.2% higher in the past three months, easing a little from the previous reading of 3.7%, while purchasing costs picked up to 2.9% from 2.8%.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in AE

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Australian business conditions hold strong in Aug, cost pressure elevatedSYDNEY (Reuters) - Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while ...
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »

Stocks set up for gains amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stocks gain amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stocks jump amid hopes for soft landing, Tesla surges: Stock market news todayWall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Non-alcoholic drink market on the rise in Canada | Watch News Videos OnlineWatch Non-alcoholic drink market on the rise in Canada Video Online, on GlobalNews.ca
مصدر: GlobalCalgary - 🏆 50. / 61 اقرأ أكثر »

Stocks slip ahead of Apple event, with inflation data in view: Stock market news todayUS futures dipped on Tuesday, as investors waited for Apple's highly anticipated fall event to kick off and counted down to key inflation data.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »