I posted earlier on the data due today:
- Economic calendar in Asia Tuesday, 4 June 2024
But I didn’t have the consensus median estimates for much of the data. Here they are now.
Business Inventories Q1
- expected 0.7% q/q, prior -1.7%
3 Jun 21:30 Gross Company Profits Q1
- expected -0.6%, prior +7.4%
3 Jun 21:30 Current Account Balance SA Q1
- expected AUD5.1bn, prior AUD11.8bn
Net Exports Contribution Q1
- expected -0.6%, prior +0.6%
***
Q1 GDP data is due on Wednesday (tomorrow) Sydney time. Its expected at +0.2% q/q. Q4 2023 was also 0.2%. Slow growth in Australia only.
This article was written by Eamonn Sheridan at www.forexlive.com.
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