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Australian GDP Preview: Q3 2016

From business.nab.com.au

Q3 GDP data will be released on Wednesday 7 December at 11:30 AEDT. Additional partials will be available next week prior to the GDP release. •Economic partials point to a small contraction in real GDP in Q3 of -0.2% q/q. This follows moderate growth in Q2 (0.5% q/q) and strong growth in Q1 (1.0% q/q). The year-ended rate of growth will slow sharply to 2.1% from 3.3% in Q2. •The expenditure measure of GDP is looking particularly weak with partial data pointing to a broad-based decline in business investment, a surprise contraction in dwelling investment and a subtraction from net exports (-0.3ppt). Household ... (full story)

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