The dats is due tpomorrow at 0030 GMT.
Via WPAC (in brief):
Our Q4 GDP forecast is upgraded from 2.8%qtr to 3.3%qtr, 3.9%yr.
- The indicators released yesterday and today provided a net upside surprise – notably a quicker rebound in inventories, making a larger contribution to growth, and a smaller fall in exports.
Westpac outline that "Risks and uncertainties to our GDP forecast remain", most notably:
- the consumer, which accounts for 51% of the economy (with limited information on services);
Coming up soon, 0330 GMT, is the RBA: