Australia's Economy Barely Registers Pulse in First Quarter

Growth in Australia's commodity-rich economy barely registered a pulse in the first quarter, as the impact of high interest rates and climbing costs due to nagging inflation pressures slowed activity to a crawl.

WSJ21:33 ET

Australian GDP Expands 0.1% QoQ in Q1 Vs. 0.2% Expected

Australia’s Gross Domestic Product (GDP) grew 0.1% QoQ in the first quarter of 2024 compared with the 0.2% growth in Q4 of 2023, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.2%.

FXStreet21:31 ET

Hong Kong's Business Activity Contracts in May

Business activity in Hong Kong contracted once more in May after improving in March and April due to a fall in new orders and export conditions, according to data from S&P Global released Wednesday.

MT Newswires21:30 ET

Australia's Service Sector Expands Further in May

An acceleration in new export business growth drove the further expansion of Australia's service sector in May.

MT Newswires21:24 ET

Hong Kong PMI Indicates Downturn in Business Conditions -- Market Talk

0121 GMT - The latest S&P PMI data for Hong Kong looks bleak, indicating a worsening of business conditions in the private sector in May. The headline PMI slid to 49.2 in May from 50.6 in April, signa

WSJ21:21 ET

Australia GDP Data Likely to Show Anemic Growth in 1Q -- Market Talk

Australia GDP data is likely to show anemic growth in 1Q, analysts say.

WSJ21:07 ET