Fitch Sees 2019 Australian GDP at 2.0% lowest since 2008-2009 Global Financial Crisis

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
  • #20774

    Fitch expect 2019 Australian GDP growth…



    Much of these numbers released after were expected trendwise but not strong !

    Australian new home sales plunged 11.8 percent month-over-month in April 2019, after a 0.1 percent fall prior

    It was the largest fall in new home sales since 2005, amid credit squeeze and uncertainties caused by the Federal Election, changes in capital gains tax and negative gearing and falling house prices.

    Across the regions, new home sales fell the most in New South Wales (-25,1 percent), followed by Queensland (-16.7 percent), Western Australia (-13.7 percent), and Victoria (-4.7 percent). New Home Sales in Australia averaged 8347.90 from 1999 until 2018, reaching an all time high of 20768 in March of 2001 and a record low of 4769 in August of 2018.


    Private capital expenditure in Australia decreased unexpectedly 1.7 percent quarter-on-quarter in the three months to March 2019
    Prior downwardly revised 1.3 percent growth
    Expectations were for i0.5 percent gain.

    Expenditures fell for both buildings and structures (-2.8 percent vs 2.5 percent in Q4), and equipment, plant and machinery (-0.5 percent vs flat reading).

    Through the year to the first quarter, private capital expenditure contracted 1.9 percent. Private Investment in Australia averaged 1.34 percent from 1987 until 2019, reaching an all time high of 15.60 percent in the second quarter of 1996 and a record low of -8.60 percent in the third quarter of 2015.

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.