GDP (QoQ) (Australia)
Pace of Growth Expected to Double in Q1, Compared to Q4 of 2018
Starts Wednesday, June 5, 2019 at 01:30
Updated Saturday, June 1, 2019
The Australian GDP report released in December of 2017 and in March 2018 showed that the Australian economy was slowing down, but the reports released in June and September showed that the economy was reviving once again as growth averaged to around 1% in a quarter. But, the growth slowed to just 0.3% in Q3 of last year and even further to 0.2% in Q4 of 2018. The GDP report is around two months old so it is not a leading indicator. It will still have some decent impact on the AUD and this report is expected to show a pickup in economic growth to 0.4%. 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.