Australian GDP falls in line with expectations, AUD slightly higher
Wednesday, 4 September 2019 08:55 WIB | ECONOMY |Ekonomi Australia

AUD/USD has rallied around 10 pips on the inline data in Gross Domestic Produce data, (GDP), which dominates the calendar for Asia today.

Of late, we have seen a mixed series of partial indicators such as the soft construction & inventories data wile, despite the trade wars, exports had surprised to the upside. The updated Bloomberg consensus was for 0.5% quarter (QoQ), 1.4% year (YoY) as displayed on the FXStreet calendar.

The data arrived as follows:

QoQ Q2 arrived at 0.5% vs 0.5% and 0.4% prior, revised to 0.5%

YoY Q2 arrived at 1.4% vs 1.4% and 1.8%.

As analysts at Westpac noted, in yesterday™s statement, "the RBA conceded H1 2019 growth œhas been lower than earlier expected but insisted that growth œis expected to strengthen gradually to be around trend over the next couple of years.

About GDP

The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of the economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.

Source: FXstreet

RELATED NEWS

Australia's Unemployment Rises in August
Thursday, 19 September 2019 08:52 WIB

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was ...

U.K. CPI slows more than forecast to 1.7% growth rate
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI slowed to 1.5% from 1.9%. The ONS said the decline came from principally games, toys and hobbies, and...

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food a...

U.K. Recession Threat Recedes as Economy Posts Solid July Growth
Monday, 9 September 2019 15:57 WIB

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession. Gross domestic product rose 0.3% from June, the Office for National Statistics said Monday. Economists had pre...

ANOTHER NEWS
Oil Steadies as Saudis Pledge Swift Return of Lost Production
Thursday, 19 September 2019 09:22 WIB Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.