Aussie GDP Q3 Misses The Mark, AUD/USD Drops to Session Lows
Wednesday, 4 December 2019 07:55 WIB |
ECONOMY |Ekonomi Australia
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.
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 %).
Source : FX Street
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