Aussie GDP Q4 2017 misses expectations
|Australian GDP data has missed expectations and disappointed 0.4% Q/Q vs 0.6% expected and prior 0.6%. For the year, the data arrived at 2.4% vs 2.5% expected and prior 2.8 %.
key notes
- RBA's Lowe: would be helpful to have lower AUD
- Australia Gross Domestic Product (QoQ) came in at 0.4% below forecasts (0.6%) in 4Q
- RBA's Lowe: next move in interest rates would be up, "not down"
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AUD/NZD breaking down as risk appetite takes a plunge, Cohen departure rattling markets
About Aussie GDP
The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of the economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.
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