Australia AUD

Australia GDP Final Consumption

Impact:
High
Source: Australian Bureau of Statistics

Latest Release:

Date:
Actual:
0.7%
Forecast:
Previous/Revision:
0.8%
Period: Q3
What Does It Measure?
Australia's GDP Final Consumption measures the total value of goods and services consumed by households and government within the Australian economy. It focuses on the demand side of the economy, assessing household spending, government consumption, and non-profit institutions, which are crucial for understanding economic activity and consumer behavior.
Frequency
This report is released quarterly and typically publishes preliminary estimates about 60 days after the end of the quarter, with final figures following a few months later as they undergo further revision.
Why Do Traders Care?
Traders closely monitor Australia’s GDP Final Consumption as it provides insight into consumer spending patterns, a significant driver of economic growth. Strong consumption figures can bolster confidence in the Australian dollar and equities, while disappointing results may lead to bearish sentiments in both currency and stock markets.
What Is It Derived From?
The measure is calculated through comprehensive national accounts data that includes surveys of household consumption patterns, government expenditure reports, and contributions from non-profit organizations. It utilizes industry-standard techniques to aggregate and analyze data from various sources to provide an accurate picture of final consumption.
Description
Preliminary reports of GDP Final Consumption are based on early estimates and are subject to change as more complete data becomes available; these figures can influence market expectations immediately upon release. Final reports offer a refined view of consumption, reflecting more accurate revisions, and while traders may react to preliminary data swiftly, further adjustments often occur after final data is published.
Additional Notes
This indicator serves as a coincident economic measure, reflecting current economic conditions and trends in consumer behavior. It relates closely to other economic indicators such as retail sales and consumer confidence, giving a broader view of economic health, particularly in comparison to similar measures from different regions.
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
Dec 02, 2015
0.7%
0.8%
Sep 02, 2015
0.9%
 0.4%
0.6%
 0.5%
Jun 03, 2015
0.5%
0.6%