Australia AUD

Australia GDP Growth Rate QoQ

Impact:
High

Latest Release:

Date:
Big Surprise:
-0.3%
| AUD
Actual:
0.4%
Forecast: 0.7%
Previous/Revision:
0.7%
Period: Q3

Next Release:

Date:
Period: Q4
What Does It Measure?
The Australia GDP Growth Rate QoQ measures the percentage change in the country's gross domestic product (GDP) from one quarter to the next, reflecting the economic activity within Australia. It focuses on overall production, consumption, investment, and government spending, serving as a vital indicator of economic health and performance.
Frequency
This report is released quarterly and provides a final figure that may be subject to revision in subsequent reports, typically published approximately one month after the end of the respective quarter.
Why Do Traders Care?
Traders pay close attention to the Australia GDP Growth Rate QoQ as it directly influences monetary policy decisions and market confidence, affecting asset prices across currencies, stocks, and commodities. A higher-than-expected growth rate tends to bolster the Australian dollar and equities, while disappointing results can dampen market sentiment and lead to declines in these assets.
What Is It Derived From?
The GDP Growth Rate QoQ is derived from comprehensive data collected from various sectors, including agriculture, manufacturing, and services, utilizing national accounts data and economic indicators reporting. The Australian Bureau of Statistics calculates this measure using industry production values and expenditure components, with adjustments for inflation to provide real GDP figures.
Description
Preliminary reports for GDP growth are based on early data collections and may later be revised to reflect more accurate information; financial markets tend to react strongly to these preliminary figures due to their timeliness. The quarterly comparison (QoQ) is used here to highlight short-term economic trends and fluctuations distinctly within the context of a single fiscal year.
Additional Notes
The GDP Growth Rate is considered a coincident indicator, as it reflects the current state of economic activity and provides insights into overall economic health. It is also compared against previous quarters and projected growth rates to analyze performance trends over time and assess economic cycles in relation to global developments.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.4%
0.7%
0.7%
-0.3%
0.6%
0.5%
0.3%
0.1%
0.2%
0.4%
0.6%
-0.2%
0.6%
0.5%
0.3%
0.1%
0.3%
0.4%
0.2%
-0.1%
0.2%
0.3%
0.2%
-0.1%
0.1%
0.2%
0.3%
-0.1%
0.2%
0.3%
0.3%
-0.1%
0.2%
0.4%
0.4%
-0.2%
0.4%
0.3%
0.4%
0.1%
0.2%
0.3%
0.6%
-0.1%
0.5%
0.8%
0.7%
-0.3%
0.6%
0.7%
0.9%
-0.1%
0.9%
1%
0.7%
-0.1%
0.8%
0.5%
3.6%
0.3%
3.4%
3%
-1.9%
0.4%
-1.9%
-2.7%
0.7%
0.8%
0.7%
0.5%
1.9%
0.2%
1.8%
1.5%
3.2%
0.3%
3.1%
2.5%
3.4%
0.6%
3.3%
2.6%
-7%
0.7%
-7%
-5.9%
-0.3%
-1.1%
-0.3%
-0.3%
0.5%
0.5%
0.3%
0.6%
0.2%
0.4%
0.5%
0.6%
-0.1%
0.5%
0.5%
0.5%
0.4%
0.5%
0.2%
-0.1%
0.2%
0.3%
0.3%
-0.1%
0.3%
0.6%
0.9%
-0.3%
0.9%
0.7%
1.1%
0.2%
1%
0.9%
0.5%
0.1%
0.4%
0.6%
0.7%
-0.2%
0.6%
0.7%
0.9%
-0.1%
0.8%
0.8%
0.3%
0.3%
0.2%
1.1%
0.1%
1.1%
0.7%
-0.5%
0.4%
-0.5%
0.3%
0.6%
-0.8%
0.5%
0.6%
1%
-0.1%
1.1%
0.8%
0.7%
0.3%
0.6%
0.4%
1.1%
0.2%
0.9%
0.8%
0.3%
0.1%
0.2%
0.4%
0.9%
-0.2%
0.9%
0.7%
0.5%
0.2%
Broker Rebates