First Impressions: Australian Q1 GDP

Output expands by a moderate 0.8%. Domestic demand robust at 1.6%. Weather disruptions and omicron wave disrupted production. Household saving ratio moderated in Q1, but still elevated at 11.4%. Output expanded by a moderate 0.8% in the March quarter. That was broadly in line with market expectations, market median 0.7% and a little above Westpac’s […]

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