Andrew Hanlan, analyst at Westpac, points out that the soft tone of Australia’s Business Indicators survey for December is pointing towards a sluggish conditions late in 2018. Key Quotes “Inventories levels declined and profits rose, but only modestly so.” “The income data broadly met our expectations while inventories provided a small downside surprise.” “Our forecast for Q4 GDP remains 0.2%qtr, 2.4%yr. Recall that we downgraded our forecast last week in the wake of news that construction activity contracted sharply.” “In the December quarter, company profits grew by only a modest 0.8%. That was below expectations but broadly as we anticipated (market median 3.0% and Westpac 1.0%).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Building approvals improve to start 2019 – ANZ FX Street 4 years Andrew Hanlan, analyst at Westpac, points out that the soft tone of Australia's Business Indicators survey for December is pointing towards a sluggish conditions late in 2018. Key Quotes "Inventories levels declined and profits rose, but only modestly so." "The income data broadly met our expectations while inventories provided a small downside surprise." "Our forecast for Q4 GDP remains 0.2%qtr, 2.4%yr. Recall that we downgraded our forecast last week in the wake of news that construction activity contracted sharply." "In the December quarter, company profits grew by only a modest 0.8%. That was below expectations but broadly as we anticipated… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
