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Australian Q1 GDP estimate bumped a touch higher to +0.3% q/q (from +0.2% q/q)

Westpac have nudged their expectation for tomorrow's GDP data from Australia a touch higher, to 0.3% q/.q (from previously +0.2%) and +2.4% y/y. January - March economic growth data is expected on Wednesday, 7 June 2023 at 11.30am Sydney time0130 GMT and 9.30pm US Eastern time (Tuesday evening US time)Westpac on today's Australian data:Net exports are a small negative for Q1 growth, subtracting -0.2ppts, on import strength. Public demand posted a modest rise, +0.6%, led by investment. While publ... Read More

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Posted: Jun 6 2023, 03:22

Author Name: forexlive

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