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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
[TOPICS: MTABLE,MALDA$,MALDS$,MMLRB$,M$A$$$,M$L$$$,MT$$$$]

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