Australia AUD

Australia GDP Final Consumption QoQ

Impact:
High

Latest Release:

Date:
Actual:
0.2%
Forecast:
Previous/Revision:
0.6%
Period: Q1

Next Release:

Date:
Forecast: 333676%
Period: Q2
What Does It Measure?
Australia's GDP Final Consumption QoQ measures the total value of goods and services consumed by households in a given quarter, reflecting domestic demand and overall economic health. It is a key indicator of consumer spending, which accounts for a significant portion of the Australian economy, with primary focus on household consumption, government spending, and exports.
Frequency
This report is released quarterly, providing preliminary estimates typically a month after the end of the quarter, with final figures published subsequently, usually within two months of the quarter's conclusion.
Why Do Traders Care?
Traders monitor this indicator closely as it is critical for assessing economic growth and consumer confidence in Australia; stronger than expected consumption figures can lead to currency appreciation and boost stock markets, while weaker results may indicate economic slowdown, negatively impacting financial markets.
What Is It Derived From?
This indicator is derived from a range of data sources, including household expenditure surveys, government financial statistics, and input from businesses across various sectors, utilizing statistical techniques to produce a comprehensive estimate of consumption trends.
Description
Preliminary reports are based on early estimates and can be subject to revisions, while final reports provide more reliable data after thorough analysis. The GDP Final Consumption QoQ comparison measures changes against the previous quarter, helping to reveal medium-term economic trends better than other methods would.
Additional Notes
As a coincident indicator, GDP Final Consumption provides real-time insight into the economic cycle and correlates closely with other indicators like retail sales and consumer sentiment surveys in Australia. Furthermore, it is essential in predicting inflationary pressures, as strong consumption can contribute to increased demand beyond supply capabilities.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish 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
0.2%
0.6%
0.5%
-0.1%
0.4%
0.2%
-0.2%
0.6%
0.6%
0.5%
0.2%
0.3%
0.4%
0.2%
0.2%
0.2%
0.2%
0.4%
0.4%
0.7%
1%
-0.3%
0.8%
1.2%
1.3%
2.3%
1.9%
1.9%
4.5%
4.4%
-2.3%
-2.4%
1.1%
1.2%
0.8%
0.7%
2.5%
3.2%
-1.8%
3.2%
5.9%
5.9%
-8.3%
-12.1%
-1.2%
-0.4%
0.6%
0.5%
0.4%
0.3%
0.9%
1%
0.4%
0.4%
0.8%
0.8%
0.5%
0.3%
0.9%
0.7%
0.5%
0.6%
1.3%
1.1%
0.4%
0.2%
0.9%
0.8%
0.6%
0.6%
0.7%
0.3%
0.8%
0.8%
0.8%
0.7%
0.7%
0.7%
0.8%