Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 05, 2012 10:56:03

Australia - 2Q GDP growth declined significantly to 0.6%, and fell just beyond the estimates

Australian Statistical Office announced today that its GDP QoQ in 2Q grew by 0.6% compared to 1.4% in the first quarter. The market, on average, allowed growth of 0.7%.
Compared 2Q GDP grew by 3.7%, the largest increase since 2007. In 1Q GDP grew annually by 4.4%.

For the entire first half of the Australian economy has grown rapidly in the last 5 years.

Government spending in 2Q grew by 1.6% and contributed to the overall growth of GDP by three tenths of a percent.
Consumer spending grew by 0.6% and contributed to the overall GDP growth equally.
Construction fell by 1.7% and detract from 0.1% of GDP.
Imports grew in Q2 by 0.9% and overall GDP eased 0.2 percentage points. Development of stocks eased from 0.3 percentage points of GDP.
Savings rate in 2Q rose to 9.2% from 8.9% in 1Q.

RBA in May and June reduced rates twice. Markets expect the 70 percent chance that the next meeting will be further reduced rates.
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Austrálie - HDP ve 2Q výrazně snížil růst na 0,6% a zaostal těsně za odhady

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