Economic growth data from Australia for the January – March quarter of 2025.
+0.2% q/q for a bad miss, although as noted some estimates were revised much lower ahead of the data release
- expected +0.4%, prior +0.6%
+1.3% y/y, also a miss but the same rate as Q4 2024
- expected +1.5%, prior +1.3%
GDP Chain Price Index, an indicator to inflation: +0.5%
- prior +1.4%
Final Consumption +0.2%
- prior +0.5%
Per capita GDP growth -0.2%, from +0.1% prior.
- productivity -1%
Household saving rate 5.2%, quite the jump.
- prior 3.9%
Government spending made the largest drag on growth since 2017
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Yields dribbling lower on the data. Nothing here to prevent another Reserve Bank of Australia rate cut of they are leaning that way.
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AUD not doing a real lot: …. it looks wild but check the y-axis scal, small move only:
This article was written by Eamonn Sheridan at www.forexlive.com.Economic growth data from Australia for the January – March quarter of 2025.+0.2% q/q for a bad miss, although as noted some estimates were revised much lower ahead of the data releaseexpected +0.4%, prior +0.6%+1.3% y/y, also a miss but the same rate as Q4 2024expected +1.5%, prior +1.3%GDP Chain Price Index, an indicator to inflation: +0.5%prior +1.4% Final Consumption +0.2%prior +0.5% Per capita GDP growth -0.2%, from +0.1% prior.productivity -1%Household saving rate 5.2%, quite the jump. prior 3.9%Government spending made the largest drag on growth since 2017–Yields dribbling lower on the data. Nothing here to prevent another Reserve Bank of Australia rate cut of they are leaning that way.-AUD not doing a real lot: …. it looks wild but check the y-axis scal, small move only:
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
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