Australian data: Q2 GDP +0.4% q/q (vs. expected +0.3%)

<p>Economic growth data from Australia in the April to June quarter of 2023.</p><p>+0.4% q/q</p><ul><li>expected +0.3%, prior +0.2%</li></ul><p>+2.1% y/y</p><ul><li>expected 1.8%, prior 2.3%</li></ul><p>The Chain Price Index inflation indicator is at -2.2% for the quarter. </p><p>A better-than-expected result for the growth data ended June 30. Its not all good news though, labour productivity fell in the Q. </p><p>AUD/USD down a few tics. As is NZD, GBP, EUR, CAD … so a bit of a USD move really. </p><p>USD/CNH is where the action is …</p>

This article was written by Eamonn Sheridan at www.forexlive.com.