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The business week in numbers

AAP logoAAP 9/09/2016 Garry Shilson-Josling, Economist

The big and small numbers that grabbed attention - or should have - in the business world over the past week.

MONDAY

78.4 per cent. That was the housing auction clearance rate - the proportion of auctions ending with a sale - in the week to Sunday, according to analytics firm CoreLogic. It was the highest clearance rate since May 2015, thanks to both strong demand and restricted supply, with number of homes going under the hammer down 19 per cent from a year earlier.

TUESDAY

$1.045 trillion. That's Australia's net foreign debt - the amount owed by Australia governments, households and businesses to foreign lenders, minus the debt they are owed by foreign borrowers. It works out to 63.3 per cent of gross domestic product.

WEDNESDAY

0.5 per cent. That was the how much the economy grew in the June quarter, marking 25 years of recession-free expansion. Annual growth in gross domestic product was a solid 3.3 per cent, but thanks to above-average growth in labour productivity, the number of hours worked was up a meagre 0.6 per cent from a year earlier.

THURSDAY

$24 billion. That's how much investors in Australian stocks will receive in dividends in coming months as a record number of companies return cash to shareholders. Despite modest profit growth, 92 per cent of companies that posted full-year earnings in August will pay dividends, with most maintaining or lifting payouts, a new report from CommSec says.

FRIDAY

51,060. That's how many Galaxy Note 7 smartphones were recalled by Samsung Australia after the parent company found some of the batteries had exploded or caught fire. Four Australian airlines - Qantas, Jetstar, Virgin Australia and Tiger Airways - responded by banning passengers from charging or using the devices.

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