extra to come back
GDP y/y +3.6%
- anticipated 3.5%, prior 3.3%
- that is ‘actual’ GDP, nominal was +4.1% q/q and 12.1% y/y
GDP q/q 0.9%
- anticipated 1.0%, prior 0.8%
Chain Price Index, an indicator of inflation is +4.3%
Q2 is April, May and June. The RBA started its rate of interest mountain climbing cycle in May and hiked once more in June. Continued charge hikes in July, August and September might need extra of an affect (not a optimistic one) on financial progress in Q3.