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Economists Survey Raises 2021 CPI Forecast To 4.9%

Repeats Story Initially Transmitted at 08:22 GMT Jun 5/04:22 EST Jun 5
--Forecast Slightly Upgraded From Initial Forecast of +0.8%, +2.7% Y/Y
     SYDNEY (MNI)  - The following is a table detailing individual economists'
forecasts for first quarter GDP. The table reflects final forecasts issued by
economists but, where unavailable, the initial forecasts have been retained.
     The GDP data will be released by the Australian Bureau of Statistics at
1130 hours local time (0130 hours GMT) Wednesday.
                 GDP (chain volume measure)  GDP (chain volume measure)
-----------------------------------------------------------------------
                            (% Change, Q/Q)             (% Change, Y/Y)
                      (seasonally adjusted)       (seasonally adjusted)
                                         Q1                          Q1
Median Forecast                        +0.5                        +2.5
High Forecast                          +1.1                        +3.0
Low Forecast                           +0.8                        +2.7
Mean                                   +0.5                        +2.5
No of Responses                          18                          17
Previous Report                        +0.4                        +2.4
ANZ                                    +0.9                        +2.8
NAB                                    +1.0                        +2.9
Westpac                                +1.1                        +3.0
CBA                                    +1.0                        +2.9
JP Morgan                              +0.8                        +2.7
St George                              +0.9                        +2.8
UBS                                    +0.9                        +2.8
TD Securities                          +0.8                        +2.7
Deutsche Bank                          +0.8                        +2.8
Moody's                                +0.8                         N/A
AMP Capital                            +0.8                        +2.7
Stanchart                              +0.8                        +2.7
RBC Capital                            +0.8                        +2.7
HSBC                                   +0.9                        +2.8
BankAM-ML                              +1.0                        +2.9
Macquarie                              +0.8                        +2.8
Nomura                                 +1.0                        +2.9
Citigroup                              +0.8                        +2.7
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE]