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Australian Q4 2022 GDP 0.5% q/q (expected +0.8%)

Australian Q4 2022 GDP 0.5% q/q (expected +0.8%)

Australian Q4 2022 GDP 0.5% q/q, a big miss

  • expected +0.8%, prior +0.6%

2.7% y/y

  • expected 2.7%, prior 5.9%

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This is a stark indication of a slowing rate of growth in the economy.

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The 'chain price index', of note because of high inflation in Australia, comes in at +0.6% for Q4.

The GDP deflator, also a (more widely accepted) measure of inflation has come in at 9.1% for the year. Ugly stuff.

The rate of household... Read More

Posted: Mar 1 2023, 00:30
Author Name: forexlive
Views: 110650

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