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The week in numbers to August 5

AAP logoAAP 5/08/2016 Garry Shilson-Josling, Economist

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


6.1pct - That's how much capital city housing prices rose over the year to July. A year earlier, annual housing price growth was 11.1 per cent according to property market analytics firm CoreLogic.


72 - The Reserve Bank has announced that many rate changes since first going public with its decisions on January 23, 1990. Before that first announcement in 1993, the cash rate was 18 per cent. The latest move took it to a record low of 1.5 per cent.


$US1.7b -Mining giant Rio Tinto's half year net profit of $US1.7 billion was more than double its half year profit a year ago, as smaller impairment charges and foreign exchange gains played to its advantage. But the prolonged slump in commodity prices dragged its underlying profit down by 47 per cent to $US1.56 billion.


0.1 pct - The tiny rise in retail turnover reported for June ensured expectations of another interest rate cut remained alive. The futures market gives another rate cut this year a two in three chance.


8 - That's how many A380 superjumbos ordered more than a decade ago Qantas is likely to never actually take up, as they don't fit with its current plans for growth in Asia. Qantas has 12 superjumbos in operation, flying to the US and London.

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