December quarter national accounts are out and the news is a strong snap back:
DECEMBER KEY FIGURES
Sep Qtr 2016 to Dec Qtr 2016 |
Dec Qtr 2015 to Dec Qtr 2016 | ||
% change |
% change | ||
| |||
GDP (Chain volume measure) | |||
Trend |
0.3 |
1.9 | |
Seasonally adjusted |
1.1 |
2.4 | |
Final consumption expenditure (Chain volume measure) | |||
Trend |
0.5 |
2.7 | |
Seasonally adjusted |
0.7 |
2.8 | |
Gross fixed capital formation (Chain volume measure) | |||
Trend |
-0.2 |
-1.3 | |
Seasonally adjusted |
2.6 |
-0.1 | |
GDP chain price index | |||
Original |
2.9 |
4.9 | |
Terms of trade | |||
Seasonally adjusted |
9.1 |
15.6 | |
Real net national disposable income | |||
Trend |
1.5 |
5.3 | |
Seasonally adjusted |
2.9 |
6.8 | |
|
Big number for consumption and business investment a bit stronger than expected:
Advertisement
Much more to come.