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Gross Domestic Product (QoQ)

The Australian Bureau of Statistics (ABS) releases the Gross Domestic Product (GDP) on a quarterly basis. It is published about 65 days after the quarter ends. The indicator is closely watched, as it paints an important picture for the economy. A strong labor market, rising wages and rising private capital expenditure data are critical for the country’s improved economic performance, which in turn impacts the Reserve Bank of Australia’s (RBA) monetary policy decision and the Australian dollar. Actual figures beating estimates is considered AUD bullish, as it could prompt the RBA to tighten its monetary policy.

Most recent - Wednesday 6 December 2023 00:30

Previous
0.4%
Revised
-
Forecast
0.4%
Actual
0.2%

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Next event - Wednesday 6 March 2024 00:30

Previous
0.2%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is high.

There is no forecast value for Gross Domestic Product (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (QoQ) was 0.2% against a forecast of 0.4%.

Past events

Date
Forecast
Actual
Wednesday 6 December 2023 00:30
0.4%
0.2%
Wednesday 6 September 2023 01:30
0.3%
0.4%
Wednesday 7 June 2023 01:30
0.3%
0.2%
Wednesday 1 March 2023 00:30
0.8%
0.5%
Wednesday 7 December 2022 00:30
0.7%
0.6%
Wednesday 7 September 2022 01:30
1%
0.9%
Wednesday 1 June 2022 01:30
0.7%
0.8%
Wednesday 2 March 2022 00:30
3%
3.4%
Wednesday 1 December 2021 00:30
-2.7%
-1.9%
Wednesday 1 September 2021 01:30
0.5%
0.7%
Wednesday 2 June 2021 01:30
1.5%
1.8%
Wednesday 3 March 2021 00:30
2.5%
3.1%

Economic context

Recent economic data has been moderately bullish for AUD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:

PreviousLatest
Private Capital ExpenditureBullish change0.3%0.8%
Retail Sales s.a. (MoM)Bullish change-2.1%1.1%
Judo Bank Services PMIBullish change49.152.8
Judo Bank Composite PMIBullish change4951.8
Judo Bank Manufacturing PMIBearish change50.147.7
Wage Price Index (QoQ)Bearish change1.3%0.9%

About Gross Domestic Product (QoQ)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Economic Activity
Frequency:Quarterly

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