QoQ Change in Australia's Quarterly GDP
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The quarter-on-quarter change in Gross Domestic Product (GDP) measures how much Australia's economic activity has increased or decreased in a specific quarter compared to the previous quarter. This data is released quarterly by the Australian Bureau of Statistics (ABS) and is crucial for evaluating short-term economic trends.
Quarter-on-quarter data helps to understand how much the economy is growing or stagnating over a short period. If GDP is increasing, it indicates that the economy is expanding, potentially leading to higher corporate profits and employment. Conversely, if GDP is decreasing, it suggests that the economy is stagnating or contracting, which could lead to lower corporate profits and reduced employment.
This data serves as a vital reference for policymakers to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. For example, if GDP shows high growth, the central bank might consider raising interest rates to curb inflation risks. Conversely, if GDP is decreasing, there might be a need to strengthen economic stimulus measures. For businesses and investors, this data provides important insights into the economic outlook, helping to inform strategic decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
