Despite a sharp drop in consumer and business sentiment in the first quarter which has bled into the second quarter, Australian GDP growth once again surprised to the upside in 1Q 2008.
Residential investment and exports are now the slowest categories of GDP. Export growth has been constrained by weather disruptions and the slow infrastructure build. [...]
Entries Tagged as 'Australia and New Zealand'
Still AUD bullish despite drop in economic confidence
June 14th, 2008 · No Comments
Tags: Australia and New Zealand
Are spiking inflation expectations positive or negative for AUD?
June 13th, 2008 · No Comments
Price action in AUD/USD has this week been dominated by the poor May employment data in Australia and a generally rampant USD. But more generally, markets have been dominated by central banks’ warnings on rising inflation expectations and almost unprecedented movements in short term interest rate expectations around the world. Recent days have seen warnings [...]
Tags: Australia and New Zealand
Australian GDP View
June 1st, 2008 · No Comments
Australia: Based on two reports this past week on investment (the construction work and private capital spending surveys), the view is affirmed that Australian GDP (reported on Wednesday) will be flat or possibly negative in 1Q 2008. The investment reports did show strength in infrastructure spending (engineering) but a flat quarter for residential construction and [...]