Australian Q1 GDP data due next week - preview

Coming up on Wednesday June 1 at 0130 GMT.

• ANZ are looking for 0.6% q/q, slowing from Q4 of 2021 (a huge +3.4% on the bounce back from Delta lockdowns). ANZ add that there is higher than usual uncertainty for this GDP release.
• NAB are more circumspect, forecasting only +0.1% q/q. NAB citing slow exports and softness in the construction sector.
• Westpac are at 0.2% for the q/q and 2.5% y/y, also citing exports

CBA preview is here:

• Australian Q1 economic growth data - GDP - is due next week. Preview.

This snapshot from the ForexLive economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term calendar, access it here.

• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month) result.
• The number in the column next to that, where is a number, is the consensus median expected.