Australia Q4 GDP 0.4% q/q (prior was 0.6%)

Data for October to December 2017 quarter economic growth in Australia

I posted earlier on why the 'expected' you read on economic calendars was not quite right:

• Australian GDP data due today - why what is expected is wrong (too high ...)

Anyway, the 'expected' was still being reported at 0.5% q/q, and its come in at 0.4%

• vs. Q3 at 0.6%

For the y/y, comes in at 2.4%

• 'expected' 2.5%
• prior 2.8%

GDP deflator, an inflation measure

• 1.2% y/y ... very low indeed

Pluses, minuses:

• Household consumption, government spending added to growth,
• Net exports, falling dwelling & resources investment dragged

AUD response is barely there.

I'll post up some responses to this separately