MNI: Australia Q3 GDP Slows Q/Q But Y/Y Growth Around Trend

     SYDNEY (MNI) - From National Accounts data for the third quarter including

gross domestic product published Wednesday by the Australian Bureau of

Statistics:

                                                Q3 GDP Q/Q            Q3 GDP Y/Y

--------------------------------------------------------------------------------

                                             % Change, SA*         % Change, SA*

Q/Q GDP                                               +0.6                  +2.8

MNI median                                            +0.7                  +3.0

                                      (Range +0.3 to +0.9)  Range (+2.5 to +3.2)

Contribution to GDP:

Government consumption expenditure               0.0 point            +0.5 point

Household consumption expenditure               +0.1 point           +1.3 points

Change in inventories                           +0.2 point            -0.2 point

Private gross fixed capital

formation                                       +0.9 point            +0.9 point

Public gross fixed capital formation            -0.4 point            +0.6 point

Net Exports                                      0.0 point            -0.4 point

Statistical Discrepancy                         -0.1 point            +0.2 point

     * Seasonally adjusted

--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com

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