Economic calendar in Asia Tuesday, September 3, 2024 – Australian GDP input

The data from Australia today will include a key input to the Q2 GDP data that is due on due on Wednesday 4 September.

In the Q2 Current Account data will be the figure for the net export contribution to GDP. The consensus estimate I have seen is for 0.6%, while Q1 was -0.9%.

• estimates show that export volumes increased during the quarter, while import volumes are expected to have decreased
• estimates for imports show that consumer goods have declined, reflecting weaker domestic demand (TBH I am not too sure about this)

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

This article was written by Eamonn Sheridan at www.forexlive.com.