Australia Q3 GDP is forecast to have grown 0.7% Q/Q and 6.3% Y/Y – TDS – by hareshmenghani Australia EconomicIndicator GDP Growth Banks
“TD forecasts Q3 GDP to have grown 0.7% q/q and 6.3% y/y. In terms of the breakdown, we are looking at domestic demand to have ticked up 0.9% q/q, for net exports to subtract 0.5ppts and for inventories to add 0.3ppts. We will watch the savings rate as a guide to see how much more buffer households have to spur future consumption with the long term average hovering around 6% vs 8.7% as of June.”
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