Expectations for net exports are low, and to be a drag on GDP (GDP data is due Wednsday 7 March)
Net exports as a % of GDP for Q4
- expected -0.60% , prior was 0.0
Earlier preview here (two, NAB and Westpac):
Another, this via ANZ:
We expect net exports to subtract a solid 0.7pp from GDP growth in Q4 after a flat outcome in Q3. We expect export volumes to have fallen 2.4%, with relatively broad-based weakness, and import volumes to be 1.1% higher.