Westpac Economics' Weekly Video Update

This week was all about Q2 GDP for Australia. The headline result disappointed at 0.2%, 2.0%yr. Domestic demand was weak in annual terms at 1.2%yr; and private demand even weaker still at 0.9%yr. Some positives remain apparent in services export growth and residential construction; but the twin effects of the end of the mining investment boom and the substantial decline in Australia's terms of trade are having a material impact on the Australian economy. Next week consumer sentiment and the labour market will be front and centre; before then, the all important August nonfarm payrolls result is due out tonight.


Elliot Clarke
Senior Economist
Westpac

An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.