GDP surprises to the upside. +3.1% q/q.

Posted on March 3, 2021 by Pete Faulkner - GDP, QLD, Uncategorized

Expectations had been for a 2.5% q/q lift in Q4 GDP. The actual result (+3.1% q/q) gave a fall of just 1.1% y/y (up from -3.7% in Q3) on the back of solid household consumption (albeit matched to a falling household saving rate).

Queensland State Final Demand was up 2.0% q/q (and Q3 revised up to +7.0%) which sees SFD up 2.4% y/y.

Full details, plus a quarterly round-up of data relating to Far North Queensland, can be found in our CONUS Quarterly. This, and previous issues, is available for download on our website or below.

CONUS Quarterly Mar 2021