Economic growth data from Australia for the January – March quarter of 2025.
+0.2% q/q for a bad miss, although as noted some estimates were revised much lower ahead of the data release
- expected +0.4%, prior +0.6%
+1.3% y/y, also a miss but the same rate as Q4 2024
- expected +1.5%, prior +1.3%
GDP Chain Price Index, an indicator to inflation: +0.5%
- prior +1.4%
Final Consumption +0.2%
- prior +0.5%
Per capita GDP growth -0.2%, from +0.1% prior.
- productivity -1%
Household saving rate 5.2%, quite the jump.
- prior 3.9%
Government spending made the largest drag on growth since 2017
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Yields dribbling lower on the data. Nothing here to prevent another Reserve Bank of Australia rate cut of they are leaning that way.
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AUD not doing a real lot: …. it looks wild but check the y-axis scal, small move only:
This article was written by Eamonn Sheridan at www.forexlive.com.