Australian PPI beats forecasts

Note: This section contains information in English only.
Source: Australian Bureau of Statistics
Australian quarterly PPI data was released today by the Australian Bureau of Statistics, and the latest reading (+0.5%) beat the forecast of 0.3% growth amid the previous quarter's slump of -0.3%. On overall, the reading makes up a 1.1% PPI growth through the 2012. The main contributors of the rise were agriculture (10.9%), oil refining (4.3%). Meanwhile, the growth was held back by commercial fishing (-12.2%) and accommodation (-5.6%).

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