Futureboom! is now as GDP partials come in hot

Monday, 4 June 2018

We already know that GDP is tracking roughly for 0.8-0.9% in the March quarter largely on the back of rebounding net exports and despite likely weak household consumption. Today we get a booming inventories figure to go with it:

That’ll add 2bps or so to consensus we we’re looking at 1% plus now for the March quarter. Approaching 3% year on year.

Futureboom! is now.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.