Australia AUD

Australia Net Exports Contribution to GDP

Impact:
Low

Latest Release:

Date:
Surprise:
-0.4%
Actual:
-0.1%
Forecast: 0.3%
Previous/Revision:
0.1%
Period: Q3

Next Release:

Date:
Period: Q4
What Does It Measure?
Australia's Net Exports Contribution to GDP measures the impact of net exports—exports minus imports—on the country's gross domestic product. It specifically focuses on the balance of trade and its influence on overall economic growth, assessing components such as the volume and value of goods and services traded internationally.
Frequency
This economic event is reported quarterly, typically released about one month after the quarter ends, and it may include preliminary estimates that are finalized subsequently.
Why Do Traders Care?
Traders care about the Net Exports Contribution to GDP because it provides insights into the health of Australia's economy and its trade relationships, influencing currency valuations like the AUD and impacting stocks of export-oriented companies. Strong net exports can bolster the Australian dollar and positively affect the stock market, while weak figures may have the opposite effect.
What Is It Derived From?
The figure is derived from data on total exports and imports compiled by the Australian Bureau of Statistics, capturing trade data from various sectors and adjusting for inflation. The calculation includes a variety of goods and services, reflecting both current market conditions and historical performance through weighted averages.
Description
The report distinguishes between preliminary and final reports: preliminary data is released sooner based on early estimates and may be revised, while the final data offers a more accurate depiction of net exports, often causing notable adjustments in market sentiment. The reporting is typically Year-over-Year (YoY), providing a comparative analysis of the same quarter in consecutive years to capture long-term trends and mitigate seasonal variations.
Additional Notes
This indicator serves as a coincident economic measure, reflecting the current state of trade dynamics that are closely tied to broader economic trends. Analyzing net exports aids in understanding Australia's economic position relative to global markets and other regions, influencing trade policy and currency considerations.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish 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
-0.1%
0.3%
0.1%
-0.4%
0.1%
0.3%
-0.1%
-0.2%
-0.1%
-0.1%
0.2%
0.2%
-0.1%
0.1%
0.3%
0.1%
0.4%
0.2%
-0.3%
0.2%
0.6%
-0.9%
-0.4%
-0.9%
0.7%
0.6%
-1.6%
0.6%
0.2%
-0.6%
0.4%
-0.6%
-0.2%
0.8%
-0.4%
0.8%
0.3%
-0.2%
0.5%
Broker Rebates