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The business week in numbers

AAP logoAAP 3/11/2016 Stuart Condie

Housing sales stay strong, interest rates stay steady, airlines face headwinds, a big bank's bottom line heads backwards and profits rocket for an explosives maker. The big and small numbers that grabbed attention - or should have - in the business world over the past week.

MONDAY

14 - The number of weeks Australia's capital city average auction clearance rate has stayed over 70 per cent. The national average was 77.6 per cent, led by the booming Sydney market, where 84.4 per cent of auctions concluded with a sale. All five mainland state capitals recorded weekly price rises.

TUESDAY

12. Still the number of times the Reserve Bank has cut interest rates since November 2011 after it did the expected and held the cash rate at 1.5 per cent on Melbourne Cup day. Economists say the Reserve Bank now sounds more hawkish about the economy and inflation, indicating interest rates may have bottomed out,

WEDNESDAY

34.6 million. The amount in dollars lost by Virgin Australia in the three months to September 30 due to weak domestic demand and the cost of restructuring the airline. Rival carrier Qantas also said this week that its new financial year is off to a tough start as airlines cut air fares to stimulate demand.

THURSDAY

Six. The number of years since ANZ's full-year cash profit was as low as this year's $5.889 billion. The bank's bottom line was hit by $1.077 billion of impairments related to its restructuring under chief executive Shayne Elliott, and there could be more to come as the business is further streamlined.

FRIDAY

$343 million. The amount Orica made in profit over the 2015/16 financial year. The explosives maker, which lost $1.27 billion a year earlier, would have made an even bigger profit of $389 million but for one-off items that included a $41 million payment to the ATO.

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