4 Dec 2013
Australian Q3 GDP disappoints the market
FXstreet.com (Bali) - The Australian GDP numbers for the third quarter came worse-than-expected at 0.6% vs 0.8% exp and 0.6% last, with the annual reading in Q3 at 2.3% vs 2.6%exp and 2.6% last.
Q3 Key Points as stated by the Australian Bureau of Statistics
KEY AGGREGATES: In trend terms, GDP increased 0.6% in the September 2013 quarter. Gross value added per hour worked in the market sector increased 0.2% and the Terms of trade fell -0.9%.
In seasonally adjusted terms, GDP increased by 0.6% in the September quarter. The Terms of trade fell -3.3%, and Real gross domestic income fell -0.1%.
EXPENDITURE ON GDP: In seasonally adjusted terms, the contributors to expenditure on GDP were Public gross fixed capital formation (1.3 percentage points), Net Exports (0.7 percentage points) and Final consumption expenditure (0.4 percentage points). The detractors were Private gross fixed capital formation (-1.4 percentage points) and Changes in inventories (-0.5 percentage points).
INDUSTRY GROSS VALUE ADDED: In seasonally adjusted terms, the main contributors to GDP were Mining (up 2.7%) and Construction (up 1.1%). Mining contributed 0.3 percentage points to the increase in GDP while Construction contributed 0.1 percentage points.
Q3 Key Points as stated by the Australian Bureau of Statistics
KEY AGGREGATES: In trend terms, GDP increased 0.6% in the September 2013 quarter. Gross value added per hour worked in the market sector increased 0.2% and the Terms of trade fell -0.9%.
In seasonally adjusted terms, GDP increased by 0.6% in the September quarter. The Terms of trade fell -3.3%, and Real gross domestic income fell -0.1%.
EXPENDITURE ON GDP: In seasonally adjusted terms, the contributors to expenditure on GDP were Public gross fixed capital formation (1.3 percentage points), Net Exports (0.7 percentage points) and Final consumption expenditure (0.4 percentage points). The detractors were Private gross fixed capital formation (-1.4 percentage points) and Changes in inventories (-0.5 percentage points).
INDUSTRY GROSS VALUE ADDED: In seasonally adjusted terms, the main contributors to GDP were Mining (up 2.7%) and Construction (up 1.1%). Mining contributed 0.3 percentage points to the increase in GDP while Construction contributed 0.1 percentage points.