Australia’s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that,” growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms,” arguing that, “favourable base effects should ensure that annual growth at least improves.
The data arrived as follows
Gross Domestic Product (YoY) (Q3) 1.7 % vs exp 1.7 % prior 1.4 %
Gross Domestic Product (QoQ) (Q3) 0.4 % vs exp 0.5 % prior 0.5 %
More to come
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