Ekonomi AustraliaGDP AustraliaPDB Australia
The GDP report is a snapshot of the economy in the rearview mirror, particularly as it covers a period before wildfires engulfed Australia's east coast and the coronavirus forced the shutdown of China.
The Bureau of Statistics released the data in Sydney Wednesday. 4Q GDP grew 2.2% from year earlier; est. 2% gain. 4Q household savings ratio was 3.6%. 4Q household spending rose 0.4% q/q. AUD at 65.95 U.S. cents vs 65.90 cents pre-data.
The RBA cut interest rates a quarter-point Tuesday to a record-low 0.5% as Governor Philip Lowe warned the epidemic was having “a significant effect” on Australia's economy.
Source : Bloomberg