Australia GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Australian economic health.
Actual
0.5%
Forecast
0.5%
Previous
0.5%
Source: Australian Bureau of Statistics. Figures as released; revisions appear in the next print.
Australia GDP Growth Rate for Q2 2019 came in at 0.5% versus 0.5% expected (previous 0.5%), in line with forecast.
What it meant for the Australian Dollar
The actual landed in line with the 0.5% forecast. A reading above forecast is generally bullish for the AUD, and below forecast bearish.
New to this release? See what Australia GDP Growth Rate measures, the next release and its full history.