Knee jerk and nose dive! Data positive or negative?
Australia National Accounts: National Income, Expenditure and Product
JUNE KEY POINTS KEY AGGREGATES In trend terms, GDP increased 0.7% in the June quarter 2014. Gross value added per hour worked in the market sector rose 0.9% and the Terms of trade fell 1.6%. In seasonally adjusted terms, GDP increased by 0.5% in the June quarter. The Terms of trade decreased 4.1%, and Real gross domestic income decreased 0.3%. EXPENDITURE ON GDP In seasonally adjusted terms, the contributors to the increase in expenditure on GDP were Changes in inventories (0.9 percentage points), Final consumption expenditure (0.3 percentage points) and Private gross fixed capital formation (0.3 percentage points). ... (full story)