Aussie GDP prints weak again

The ABS is out with Q1 Aussie GDP and the news is more weakness at 0.4 for the QTR and 1.8% over the year:

March key figures

		Dec Qtr 2018 to Mar Qtr 2019	Mar Qtr 2018 to Mar Qtr 2019
		% change	% change
GDP (Chain volume measure)
	Trend	0.3	1.7
	Seasonally adjusted	0.4	1.8
Final consumption expenditure (Chain volume measure)
	Trend	0.6	2.7
	Seasonally adjusted	0.4	2.6
Gross fixed capital formation (Chain volume measure)
	Trend	-0.6	-1.0
	Seasonally adjusted	-0.7	-1.5
GDP chain price index
	Original	1.3	3.8
Terms of trade
	Seasonally adjusted	3.1	6.0
Real net national disposable income
	Trend	0.9	3.3
	Seasonally adjusted	0.9	3.0

Consumer weak as. Business investment hammered. Government investment topped out. Net exports and bureaucrats is all that is growing in one clapped out economy:

More to come.