please contact sales@tanchin.hk for any inquiry
Australian statistical bureau announced that the first quarter gross domestic product (GDP) increased by 1% compared with the previous quarter, the Australian dollar AUD=D4 rose by about $0.0025.
GDP quarter growth data is slightly higher than the original estimated growth of 0.9%.
Key points:
- seasonally adjusted GDP grew by 1% in the first quarter compared with the previous quarter (Reuters survey projected growth of 0.9%).
- seasonally adjusted GDP grew by 3.1% in the first quarter compared with the same period last year (Reuters survey projected growth of 2.8%).
- the seasonally adjusted final consumption expenditure increased by 0.6% in the first quarter compared with the previous quarter.
- fixed capital total expenditure increased by seasonally adjusted 0.5% in the first quarter.
- fourth quarter GDP was revised up by 0.5% (the previous report was 0.4%).
The following is an analyst review:
ST GEORGE BANK senior analyst JANE CHAN:
There is not much accident in the quarterly data, but household expenditure is slightly weaker than expected. Strong data actually benefited from a rebound in exports.
I think we need to combine strong data in the first quarter with the weak performance in the fourth quarter of last year. Against this background, the economic situation is not as strong as the data show.
The economic situation looks good, but prospects still face risks, mainly from families and housing prices. This is the main risk we are facing. On the other hand, companies look good and the public sector is strong.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

S6200 S6209-2RSR S6208-2RSR S6207-2RSR S6206-2RSR S6205-2RSR S6204-2RSR S6203-2RSR S6202-2RSR S6201-2RSR S6200-2RSR S6309 S6308 S6307 S6306 S6305 S6304 S6303 S6302 S6301