The ABS has just released the March National Accounts and the figures came in on the weak side with quarterly GDP at 0.6% versus 0.8% expected for a yearly run rate of 2.5%. Dollar fell 35 pips.
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% change Dec qtr 12 to Mar qtr 13 |
% change Mar qtr 12 to Mar qtr 13 | ||
| |||
GDP (Chain volume measure) | |||
Trend |
0.6 |
2.6 | |
Seasonally adjusted |
0.6 |
2.5 | |
Final consumption expenditure (Chain volume measure) | |||
Trend |
0.3 |
1.6 | |
Seasonally adjusted |
0.6 |
1.7 | |
Gross fixed capital formation (Chain volume measure) | |||
Trend |
-0.9 |
0.9 | |
Seasonally adjusted |
-2.3 |
-0.2 | |
GDP chain price index | |||
Original |
1.0 |
0.3 | |
Terms of trade | |||
Seasonally adjusted |
2.7 |
-6.2 | |
Real net national disposable income | |||
Trend |
0.2 |
0.1 | |
Seasonally adjusted |
1.3 |
1.1 | |
|
More to come from UE…