Australian data – Q2 net export contribution to GDP 0.2% (expected 0.6%)

September 3, 2024
-FCHFX

September 03, 2024 at 02:30AM
Current Account data from Australia for the April to June quarter of 2024

Australia Current Account AUD
-10.7bn, a huge miss

expected -5.0bn, prior -4.9bn

Australia Net Exports Contribution 0.2% … a big miss and a big hit to Q2 GDP

expected 0.6%
prior -0.9%

Public sector demand will add approximately 0.4% to Q2 GDP.

The GDP data for Q2 is due tomorrow, Wednesday, September 4, 2024 at 11.30 am Sydney time (0130 GMT, 2130 US Eastern time). Its going to be teetering on the edge of negative growth.

This article was written by Eamonn Sheridan at www.forexlive.com.

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