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

Aussie Data Dump: Retail Sales, ( 0% vs 0.3% exp ) Trade Balance, ( 450M vs 6100M exp )
Thursday, 5 December 2019 08:11 WIB

AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in these releases. The data arrived as follows : Imports (Oct)   0% vs prior 3%. Exports (Oct)   -5% vs prior 3%. Tra...

US ISM Non-Manufacturing PMI adds another miss, USD slide continues
Wednesday, 4 December 2019 22:35 WIB

The US ISM Non-Manufacturing PMI for the month of November printed a 53.9 reading, half a point below the consensus expectation. The service sector business survey adds to the bunch of negative releases coming from the United States this week, after disappointments from the ISM Manufacturing PMI and...

ADP badly disappoints with 67K, GBP/USD breaks above 1.31, EUR/USD nears 1.11
Wednesday, 4 December 2019 20:34 WIB

ADP's Employment Change figures for November came out at 67,000, well below expectations for an increase of 140,00. Moreover, October's figure was revised down to 121,000 from 125,000. Some suspect that the gap stems from calculations related to the strike at General Motors. Nevertheless, this is t...

Aussie GDP Q3 Misses The Mark, AUD/USD Drops to Session Lows
Wednesday, 4 December 2019 07:55 WIB

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, "favoura...

U.S. Manufacturing Sector Weakens Further in November - ISM
Monday, 2 December 2019 22:18 WIB

The Institute for Supply Management said its manufacturing index sank to 48.1% in November from 48.3% in October. Economists surveyed by MarketWatch had forecast the index to total 49.2%. Readings below 50% indicate business conditions are getting worse. The indexes measuring new orders and employ...

ANOTHER NEWS
Hong Kong stocks end with healthy gains (Review)
Friday, 6 December 2019 04:31 WIB Hong Kong stocks rose Thursday as trade hopes returned following a report saying US and Chinese officials were closing in on a mini deal. The Hang Seng index added 0.59 percent, or 154.48 points, to 26,217.04. The benchmark Shanghai Composite...

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.