ONLY CHARTS #576
Aus Q1 GDP partials, Aus resource exploration, Aus building approvals, Aus award wage decision
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Following the release of final partial Aussie GDP indicators today we expect Q1 GDP growth to have been +0.4% q/q, a bit softer than the +0.5% q/q and +2.2% y/y pencilled in by the RBA in the May SMP.
1. Public demand (ex asset transfers) in Australia rose just +0.1% q/q in Q1 following relatively strong growth in the prior two quarters.
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