June quarter GDP knowledge (April - June)
zero.eightÂ % q/q ... for a miss on the expectations that had been revised larger after yesterday's export knowledge ... d'oh!
- anticipated zero.9% q/q, prior zero.three%
1.eightÂ % y/y ... ditto on the miss
- anticipated 1.9% y/y, prior 1.7%
Instant AUD response is a marking decrease, again underneath zero.eight as I replace
The important thing numbers (by way of Australian Bureau of Statistics):
- The Australian financial system grew by zero.eight% within the June quarter
- Family last consumption expenditure elevated zero.7%
- Authorities ultimate consumption expenditure elevated 1.2%
- Exports rose 2.7% for the quarter
- Compensation of staff elevated zero.7%
- Phrases of commerce fell 6.zero% within the quarter
I reckon another key numbers are:
- Public infrastructure spending +zero.6% whereas personal is down zero.2% .... have to do higher
For a robust financial system there's nonetheless a number of reliance on authorities spending.
The AUD is just not being taken to the woodshed after the figures, however its getting a smack across the head on its method there ....
Market is lengthy AUD, offering loads of sellers proper now.
extra to return