Australian GDP booms!

The ABS is out with June QTR GDP and it’s Futureboom!

JUNE KEY FIGURE

		Mar Qtr 2018 to Jun Qtr 2018	Jun Qtr 2017 to Jun Qtr 2018
		% change	% change

GDP (Chain volume measure)
	Trend	0.9	3.4
	Seasonally adjusted	0.9	3.4
Final consumption expenditure (Chain volume measure)
	Trend	0.9	3.7
	Seasonally adjusted	0.7	3.5
Gross fixed capital formation (Chain volume measure)
	Trend	0.4	2.8
	Seasonally adjusted	–	3.3
GDP chain price index
	Original	0.1	1.9
Terms of trade
	Seasonally adjusted	-1.3	2.0
Real net national disposable income
	Trend	1.1	3.4
	Seasonally adjusted	0.3	3.7

– nil or rounded to zero (including null cells)

Nice in the rear vision mirror. More to come.

Share

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.