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 rose 0.2% in Q3, down from Q2’s 0.4% and below the market’s 0.4% expectation, according to data released by the Australian Bureau of Statistics today.
“Government spending and capital investment were the main drivers of GDP growth this quarter,” said Katherine Keenan, head of national accounts. “This was the eighth straight rise in quarterly GDP, but growth has slowed over 2023.”
Measures of productivity, a key focus for the RBA, strengthened over the quarter with GDP per hour worked at 0.9% from Q2’s 1.6% drop and real unit labour costs falling to 1.2% from 2.7% recorded over the prior quarter, however, this improvement was likely driven by a fall in hours worked.
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.