Australian National Accounts: National Income, Expenditure and Product, Sep 2017

Australian National Accounts: National Income, Expenditure and Product, Sep 2017

From abs.gov.au

GDP Summary • The Australian economy grew by 0.6% in seasonally adjusted chain volume terms in the September quarter. • Compensation of employees increased 1.2%. • 17 of 20 industries recorded positive growth this quarter. • New engineering construction increased 6.3%. • Household final consumption expenditure increased 0.1% for the quarter. Revisions In This Issue The estimates in this issue incorporate the 2015-16 annual supply and use tables. The 2015-16 supply and use tables incorporate historical revisions necessary to reflect changes in methods, concepts, classifications and data sources and to ... (full story)

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Dec 5, 2017 10:10pm

The data is actually good, the expected GDP figure is used as an excuse for the market manipulation.

GDP SUMMARY
The Australian economy grew by 0.6% in seasonally adjusted chain volume terms in the September quarter.
Compensation of employees increased 1.2%.
17 of 20 industries recorded positive growth this quarter.
New engineering construction increased 6.3%.
Household final consumption expenditure increased 0.1% for the quarter.

liberty458

Dec 6, 2017 5:32am

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Correct Billy and guest it is used to manipulate the market, the GDP is not bad at all.....All is so Very transparent and it is getting more so, the longer one stays in this business the more transparent the market becomes...it becomes tradeable....

Quoting billv

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The data is actually good, the expected GDP figure is used as an excuse for the market manipulation. GDP SUMMARY The Australian economy grew by 0.6% in seasonally adjusted chain volume terms in the September quarter. Compensation of employees increased 1.2%. 17 of 20 industries recorded positive growth this quarter. New engineering construction increased 6.3%. Household final consumption expenditure increased 0.1% for the quarter.

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Trader#A14A

Dec 5, 2017 7:29pm

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The data is correct. If you see the actual gdp in sep 0.8 which was also forecasted. But it's been adjusted now as 0.9 So this time instead of 0.7 actual changed to 0.6. Anyway compare 0.6 to last December actual gdp -0.5 aussie improved a lot. Even in jun 2017 it was 0.3. Market leaders use these indicators to manipulate market. A$ expected to reach 83 in 2018 and rate increases on the way. Use these indicators only for a short term trading. Good luck 😊👍