- Prior was +0.6% q/q
- GDP y/y +2.1% vs +2.2% expected
- Prior y/y was +1.8%
- Consumption expenditure +0.6% vs +0.9% prior
- Gross fixed capital expenditure +3.0% vs -0.8% prior
- GDP price index +0.8% vs -0.5% prior
AUD/USD is about 20 pips lower on the kneejerk. We got a hint at a soft number yesterday in the current account data, something I highlighted.
This article was written by Adam Button at investinglive.com.