Australian data due today will plug into poor GDP - here is what is expected

I posted earlier on the data due today:Economic calendar in Asia Tuesday, 4 June 2024But I didn't have the consensus median estimates for much of the data. Here they are now. Business Inventories Q1 expected 0.7% q/q, prior -1.7% 3 Jun 21:30 Gross Company Profits Q1expected -0.6%, prior +7.4%3 Jun 21:30 Current Account Balance SA Q1 expected AUD5.1bn, prior AUD11.8bnNet Exports Contribution Q1 expected -0.6%, prior +0.6%***Q1 GDP data is due on Wednesday (tomorrow) Sydney time. Its expected at +0.2% q/q. Q4 2023 was also 0.2%. Slow growth in Australia only. This article was written by Eamonn Sheridan at www.forexlive.com.

Jun 4, 2024 - 03:10
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Australian data due today will plug into poor GDP - here is what is expected

I posted earlier on the data due today:

But I didn't have the consensus median estimates for much of the data. Here they are now.

Business Inventories Q1

  • expected 0.7% q/q, prior -1.7%

3 Jun 21:30 Gross Company Profits Q1

  • expected -0.6%, prior +7.4%

3 Jun 21:30 Current Account Balance SA Q1

  • expected AUD5.1bn, prior AUD11.8bn

Net Exports Contribution Q1

  • expected -0.6%, prior +0.6%

***

Q1 GDP data is due on Wednesday (tomorrow) Sydney time. Its expected at +0.2% q/q. Q4 2023 was also 0.2%. Slow growth in Australia only. This article was written by Eamonn Sheridan at www.forexlive.com.

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