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The global economic recovery, a rush to make renewable energy and insatiable appetite from China has sent Australian mineral exports to a record high, including iron ore which now accounts for 39 per cent of all goods exported.
Australiaâs trade surplus hit $8.4 billion as overall metalliferous ores reached a record high in March of $16.4 billion, with iron ore up 21 per cent, copper ore up 62 per cent, and coal exports increased $272 million, or 9 per cent, according to the Australian Bureau of Statistics.
Exports to China leapt 17 per cent or $1.9 billion in March largely driven by huge iron ore volumes to China which alone were up $1.3 billion to $10.1 billion for the month.
Australia Core Prices Slow to Record Low in Policy Challenge
Bloomberg 37 mins ago
(Bloomberg)
Australia’s core inflation decelerated to the slowest pace on record as government programs lowered costs in the economy, highlighting the scale of the Reserve Bank’s challenge to reignite stronger price growth.
Annual trimmed mean core inflation eased to 1.1% in the first quarter, the weakest reading in a series dating back to 1983, versus an estimated 1.2% gain, the Australian Bureau of Statistics said in Sydney Wednesday. The gauge, the RBA’s preferred measure, advanced 0.3% from the final three months of last year, compared with economists’ estimates of a 0.5% rise.
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Payroll jobs fell across all age groups in the fortnight to 10 April 2021, ranging from a 2.9 per cent fall in jobs held by 15 to 19 year-olds to a 0.6 per cent fall for 60 to 69 year-olds.
Mr Jarvis said, “The latest fortnight of data saw a fall in payroll jobs in almost every industry.”
“The two most impacted industries during the COVID period (Accommodation and food services and Arts and recreation services) saw payroll job declines of 4.0 per cent and 4.4 per cent over the fortnight.”
“Payroll jobs recovery remains weakest in the Accommodation and food services industry, at 11.2 per cent below pre-pandemic levels.”
The ABS acknowledges the continued support from the Australian Taxation Office in enabling the ABS to produce the statistics providing weekly insights into the Australian labour market.
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Australia’s core inflation decelerated to the slowest pace on record as government programs lowered costs in the economy, highlighting the scale of the Reserve Bank’s challenge to reignite stronger price growth.
Annual trimmed mean core inflation eased to 1.1% in the first quarter, the weakest reading in a series dating back to 1983, versus an estimated 1.2% gain, the Australian Bureau of Statistics said in Sydney Wednesday. The gauge, the RBA’s preferred measure, advanced 0.3% from the final three months of last year, compared with economists’ estimates of a 0.5% rise.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Australia Kids Scooter Market Size, Share & Trends Analysis Report 2021 - ResearchAndMarkets.com
April 28, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 28, 2021
The Australia kids scooter market size is expected to reach USD 5.53 million by 2028 and is expected to expand at a CAGR of 4.9% from 2021 to 2028.
With changing lifestyles, riding a kids scooter is considered to be a fun activity, which is becoming increasingly popular among children during their leisure time with their friends. The activity is further supported by parents who encourage scootering for children in their day-to-day life as it helps in gaining self-confidence and traffic knowledge. Furthermore, daily scootering results in learning technical and mechanical skills.