Yesterday I posted Australia Q4 GDP next week - early expectations

Its still early to get a good handle on what the number will be, with plenty of contributing data to come ahead of the Q4 GDP release on Wednesday

  • Q4 GDP due Wednesday March 1 at 1130am (local time); 0030GMT
  • Q3 was -0.5% q/q, +1.8% y/y
  • On Monday (February 27) we get 'Business Indicators' data released, this will give us a look at how inventory performed in Q4, which is one of the inputs (partials) to GDP.

Despite data still to come Bloomberg have gathered together 25 estimates in their survey of what to expect

  • Median is 0.7% q/q
  • High estimate is 1.0%, low of 0.4%

For the y/y

  • 24 forecasts
  • median is 1.9%
  • range 1.5% to 2.2%

These estimates may change with Australian data ahead of Wednesday, something to watch.