ICYMI we had data from Australia today
- Australia data: Q4 Inventories +0.3% q/q (expected +0.5%)
- Australia data: Q4 Company profits: +20.1% q/q (expected +8.0%)
ANZ's (in brief) remarks
- Strong business profits will support Q4 GDP
- Mining was the key performer
- Other industries were also solid
- Inventories to subtract 0.2% on the q/q
- Wages figures a concern for the GDP
As of 24 February ANZ's forecasts for Q4 GDP was +0.6% q/q and 1.8% y/y (no updates that I've seen yet)
--
ps ...
Australian Q4 GDP is due 0030GMT on Wednesday 1 March
- Which is Wednesday 11.30am local Sydney time
- Market expected is (more at the link) 0.7% q/q & 1.9% y/y
