Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Reserve Bank of Australia has received another sign growth may be slowing, with more than half of the major industry groups reporting a fall in sales turnover in September, according to the Australian Bureau of Statistics.
Seven of the 13 industries tracked reported a decline in monthly turnover, compared to only one industry that reported weaker sales in August. The data is based on monthly reporting by businesses with Goods and Services Tax (GST) turnover of AUD20 million or more.
The biggest decline was electricity, gas, water and waste services, which fell 18.9% as wholesale electricity prices moderated. Retail trade fell 0.8%, while transport, postal and warehousing declined 2%. Manufacturing fell 1.5%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.