1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

AUD: GDP rose by 0.6% in Q4 – RBC CM

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Elsa Lignos, Senior Currency Strategist at RBC Capital Markets, notes that the Australian GDP rose by 0.6% in Q4 (consensus 0.4%), with upward revisions to previous quarters taking the y/y rate to 3.0% from 2.7%.

    Key Quotes

    “Activity in the quarter was driven by household consumption (+0.8%), inventories (+0.2ppc), and public expenditure (+6%). However, our economists note that more timely data—business conditions and confidence, capex plans, wages, and employment—have lost momentum recently and coupled with a tightening in financial conditions will keep pressure on the RBA to ease further. They retain two 25bp rate cuts in their forecast for 2016.”
    For more information, read our latest forex news.
     

Share This Page