Australia’s economy grows less than expected at 0.2% in Q2, misses market expectations

seekingalpha09-04

The Australian economy grew by 0.2% q/q in Q2 of 2024, holding steady for the third quarter while falling short of market forecasts of 0.3%, marking the 11th period of quarterly growth but remained at...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2464454311?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1160516599/image_1160516599.jpg","is_english":true,"pubTime":"2024-09-04 12:40","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2464454311","market":"nz","top_or_hot":-1,"title":"Australia’s economy grows less than expected at 0.2% in Q2, misses market expectations","media":"seekingalpha","content":"<div>\n<p>The Australian economy grew by 0.2% q/q in Q2 of 2024, holding steady for the third quarter while falling short of market forecasts of 0.3%, marking the 11th period of quarterly growth but remained at...</p>\n\n<a href=\"https://seekingalpha.com/news/4146503-australias-economy-grows-less-than-expected-at-02-in-q2-misses-market-expectations\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia’s economy grows less than expected at 0.2% in Q2, misses market expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia’s economy grows less than expected at 0.2% in Q2, misses market expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-04 12:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4146503-australias-economy-grows-less-than-expected-at-02-in-q2-misses-market-expectations><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Australian economy grew by 0.2% q/q in Q2 of 2024, holding steady for the third quarter while falling short of market forecasts of 0.3%, marking the 11th period of quarterly growth but remained at...</p>\n\n<a href=\"https://seekingalpha.com/news/4146503-australias-economy-grows-less-than-expected-at-02-in-q2-misses-market-expectations\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXA","symbol_name":"澳元ETF-CurrencyShares","start_time":0,"source_url":"https://seekingalpha.com/news/4146503-australias-economy-grows-less-than-expected-at-02-in-q2-misses-market-expectations","article_id":"2464454311","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1160516599/image_1160516599.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464454311","pubTimestamp":1725424813,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The Australian economy grew by 0.2% q/q in Q2 of 2024, holding steady for the third quarter while falling short of market forecasts of 0.3%, marking the 11th period of quarterly growth but remained at the softest pace in five quarters. Yearly, the GDP advanced 1.0%, the lowest since Q4 of 2020. The economy expanded 1.5% in 2023-24, the weakest since 1991-92, excluding the COVID-19 pandemic. A private survey also revealed that the country’s manufacturing activity remained contractionary in August, extending the sector’s deterioration to two years. Investors now look ahead to Reserve Bank of Australia Governor Michele Bullock’s remarks later this week for clues on the monetary policy path. The S&P/ASX 200 Index dropped 1.5% to below 7,990 on Wednesday, hitting a two-week low. ETFs: , , .  More on Australia  Australia's August manufacturing PMI remains in contraction for seventh consecutive month Australia’s monthly CPI indicator rise hotter than expected in July to 3.5% Y/Y RBA minutes: ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FXA":"澳元ETF-CurrencyShares","FLAU":"Franklin FTSE Australia ETF","EWA":"澳大利亚ETF-iShares MSCI","BK4582":"ESG ETF-MSCI"},"translate_title":"澳大利亚第二季度经济增长0.2%不及预期，不及市场预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWA":1,"FLAU":1,"FXA":1},"content_text":"The Australian economy grew by 0.2% q/q in Q2 of 2024, holding steady for the third quarter while falling short of market forecasts of 0.3%, marking the 11th period of quarterly growth but remained at the softest pace in five quarters. Yearly, the GDP advanced 1.0%, the lowest since Q4 of 2020. The economy expanded 1.5% in 2023-24, the weakest since 1991-92, excluding the COVID-19 pandemic. A private survey also revealed that the country’s manufacturing activity remained contractionary in August, extending the sector’s deterioration to two years. Investors now look ahead to Reserve Bank of Australia Governor Michele Bullock’s remarks later this week for clues on the monetary policy path. The S&P/ASX 200 Index dropped 1.5% to below 7,990 on Wednesday, hitting a two-week low. ETFs: (EWA), (FXA), (FLAU).  More on Australia  Australia's August manufacturing PMI remains in contraction for seventh consecutive month Australia’s monthly CPI indicator rise hotter than expected in July to 3.5% Y/Y RBA minutes: No near-term rate cut expected as inflation persistently remains above target Australia's Q2 inflation rate rises as expected, monthly CPI inflation eases to 3.8% Australia reports Q1 GDP growth of 0.1% below estimates","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2464454311"}