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Australia widening current account deficit, inventory draw to weigh on Q1 GDP
Building Permits m/m (Apr) -3.4% prior -10.5%Building Permits y/y (Apr) +10.2% prior +9.0%Private House Approvals m/m (Apr) -1.0% prior +0.9%Business Inventories q/q (Q1) +0.5% prior -0.1%Company Gross Profits q/q (Q1) -1.3% prior +5.8%Net Exports Contribution to GDP (Q1) -0.8% prior -0.1%Current Account (Q1) -A$27.1B…
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Building Permits m/m (Apr) -3.4% prior -10.5%Building Permits y/y (Apr) +10.2% prior +9.0%Private House Approvals m/m (Apr) -1.0% prior +0.9%Business Inventories q/q (Q1) +0.5% prior -0.1%Company Gross Profits q/q (Q1) -1.3% prior +5.8%Net Exports Contribution to GDP (Q1) -0.8% prior -0.1%Current Account (Q1) -A$27.1B prior -A$21.1BEarlier:RBA's hawkish Harper hints herald hikeAustralia minimum wage rises 4.75% This article was written by Eamonn Sheridan at investinglive.com.
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