Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Australian GDP growth softened 10 basis points over Q4 2023, growing 0.2% q/q, in line with expectations, data from the Australian Bureau of Statistics showed Wednesday.
GDP per capita improved 20bp to -0.3% q/q, while the household savings-to-income ratio rose to 3.2% q/q from 1.9% after eight consecutive quarterly falls.
“Compensation of employees and government payments were the drivers of the increase in income received by households in December,” noted Katherine Keenan, head of national accounts at the ABS.
GDP per hour worked, a measure of productivity – a key focus for the Reserve Bank of Australia – declined 50bp to 0.5. (See MNI POLICY: RBA Relief As Productivity Weakness Unwinds)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.