Australia's Q3 GDP growth disappoints, markets now see April start to rate cuts
Australia's economy grew at the slowest annual pace since the pandemic in the third quarter, disappointing hopes for a rebound as government spending did all of the heavy lifting.
Australia Economy Grows 0.3% in Q3, Misses Forecasts
Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product rose 0.3% in the September quarter, missing market forecasts of 0.4%. Annual growth slowed to 0.8%, from 1.0% the previous quarter, levels previously only seen during recessions.
Australia GDP Gains 0.3% On Quarter In Q3
Australia's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian
'A dismal report': Analyst discusses Australia's third-quarter GDP numbers
Sean Callow from ITC Markets discusses Australia's third quarter GDP figures and says that the Australian dollar will continue getting "punished" until investors become more optimistic about China's economy.
Australia third-quarter GDP grows at 0.3%, missing expectations
Australia’s economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.
Australia's Economy: Steady Growth Amidst Rising Challenges
Australias economy grew by0.3%compared to the previous quarter, a slight improvement from the0.2%growth seen in the second quarter. This growth marks the twelfth quarter of economic
‘Disheartening’: Australia’s new GDP growth numbers show economy starting to ‘slow’
Australian Industry Group CEO Innes Willox says the new GDP growth numbers are “disheartening”. The latest national accounts data for the September quarter reveals a 0.3 per cent GDP growth, according to the Australian Bureau of Statistics.
Australia's Q3 GDP growth disappoints hopes for a rebound
Australia's economy grew at the slowest annual pace since the pandemic in the third quarter, disappointing hopes for a ...
AUD/USD plunges to near 0.6400 as weak Aussie GDP boosts RBA dovish bets
The AUD/USD pair dives more than 1% to near the round-level support of 0.6400 in Wednesday’s European session. The Aussie pair plummets as the Australian Dollar (AUD) has been hit hard by ...
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What's next for the ASX 200 after weak GDP results?
To that effect, the ASX 200 needs to see a sustained break above trend channel resistance, currently at around 8495, to ...
South African rand softer ahead of Q3 GDP data
South Africa's rand weakened early on Tuesday ahead of third quarter gross domestic product (GDP) figures which could give ...
November Consumer Confidence Bodes Well For Future GDP Growth
The Conference Board’s Consumer Confidence Index increased in November 2024 to 111.7, the highest level since July 2023.
Turkish Economy Grew 2.1% in Q3, Less Than Expected, as Policy Weighs
ISTANBUL (Reuters) -Turkey's economy grew at a less than expected 2.1% rate in the third quarter as demand ebbed especially ...
GDP growth slowdown is a blip, advances have grown well in Q3 so far: SBI Chief Setty
SBI Chairman Setty discusses Q2 GDP growth, corporate loans, and RBI policy expectations in businessline interview.
Brazil's GDP Grows Less in Q3, but Consumption and Investments Remain Strong
Economy grows 0.9% driven by domestic demand for goods and services, says IBGE; market expected a 0.8% increase ...
Singapore revises Q3 GDP higher, upgrades 2024 outlook
Singapore on Friday upgraded its economic outlook for 2024 as third quarter gross domestic product growth beat expectations ...
Japanese Yen and Australian Dollar Forecast: Services PMI and Aussie GDP in Focus
Will Services PMI growth prompt a hawkish turn? Discover how economic data fuels USD/JPY volatility and rate hike bets.