GDP (QoQ) (Australia)
Slight Cool-Off After A Decent Jump in Q4 2017
Starts Wednesday, October 17, 2018 at 03:11
Updated Sunday, September 2, 2018
The GDP was expected to increase by 0.9% in Q4 of 2017 which was around double of what we saw in the previous two quarters. It grew by 1% in fact, which was a good reading for the Reserve Bank of Australia. The GDP number which is released this week is from the Q1 of 2018 and it is expected at 0.8%. This would mean a slight cool off of the Australian economy but it still is a pretty decent number. I also expect the actual number to come close to expectations since the trade war between the US and China hadn't started back then. Please follow us for a live coverage in real time of the event by experienced analysts.
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About GDP (QoQ) (Australia)
Calculated by the Australian Bureau of Statistics, the Gross Domestic Product (GDP) is an aggregate measure of the value of goods and services produced in Australia. GDP (QoQ) is released four times per year, serving as relative comparisons of quarterly statistics. Australia is a top 20 global power in terms of GDP, led by its strong service and industrial sectors. In general terms, Australian GDP is a primary market driver for the Aussie. It is viewed as a comprehensive representation of domestic economic prowess. Strong GDP statistics are considered to be bullish toward the AUD, while weak figures are bearish.