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4 Mar 2015
Australia's Q4 GDP meets expectations
FXStreet (Bali) - Australia's Gross Domestic Product (QoQ) met expectations by coming at 0.5% in Q4 with the yearly reading at 2.5% Q4.
December key points
Key aggregates: In trend terms, GDP increased 0.4% in the December quarter 2014. Gross value added per hour worked in the market sector grew 0.1% and the Terms of trade fell 1.9%. In seasonally adjusted terms, GDP increased by 0.5% in the December quarter. The Terms of trade decreased 1.7%, and Real gross domestic income increased 0.2%.
Expenditure on GDP: In seasonally adjusted terms, the main contributors to the increase in expenditure on GDP were Net exports (0.7 percentage points) and Final consumption expenditure (0.6 percentage points). The main detractor was Changes in inventories (-0.6 percentage points).
Industry gross value added: In seasonally adjusted terms, the main contributors to GDP growth were Construction and Health care and social assistance each contributing 0.1 percentage points to the increase in GDP. The main detractor to growth in GDP was Professional, scientific and technical services (-0.1 percentage points).
December key points
Key aggregates: In trend terms, GDP increased 0.4% in the December quarter 2014. Gross value added per hour worked in the market sector grew 0.1% and the Terms of trade fell 1.9%. In seasonally adjusted terms, GDP increased by 0.5% in the December quarter. The Terms of trade decreased 1.7%, and Real gross domestic income increased 0.2%.
Expenditure on GDP: In seasonally adjusted terms, the main contributors to the increase in expenditure on GDP were Net exports (0.7 percentage points) and Final consumption expenditure (0.6 percentage points). The main detractor was Changes in inventories (-0.6 percentage points).
Industry gross value added: In seasonally adjusted terms, the main contributors to GDP growth were Construction and Health care and social assistance each contributing 0.1 percentage points to the increase in GDP. The main detractor to growth in GDP was Professional, scientific and technical services (-0.1 percentage points).