Australia Q2 GDP: 0.8% q/q (expected 0.9%)

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June quarter GDP knowledge (April - June)

zero.eight % 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.eight % 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 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