- Analytics
- News and Tools
- Market News
- Australia Q3 GDP is forecast to have grown 0.7% Q/Q and 6.3% Y/Y – TDS
Australia Q3 GDP is forecast to have grown 0.7% Q/Q and 6.3% Y/Y – TDS
Analysts at TD Securities (TDS) offer a brief preview of the Australian GDP report, due on Wednesday, and forecast a 0.7% growth during the third quarter.
Key Quotes:
“TD forecasts Q3 GDP to have grown 0.7% q/q and 6.3% y/y. In terms of the breakdown, we are looking at domestic demand to have ticked up 0.9% q/q, for net exports to subtract 0.5ppts and for inventories to add 0.3ppts. We will watch the savings rate as a guide to see how much more buffer households have to spur future consumption with the long term average hovering around 6% vs 8.7% as of June.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
