Financial News: Australia GDP Data Due On Wednesday

Australia GDP Data Due On Wednesday

06/02/2026 - 18:02:00 (RTTNews)

(RTTNews) - Australia will on Wednesday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity.

GDP is expected to rise 0.5 percent on quarter and 2.7 percent on year after gaining 0.8 percent on quarter and 2.6 percent on year in the three months prior.

Australia also will see April numbers for private sector credit and May results for the services and composite PMIs from S&P Global, and for the manufacturing and construction indexes from AiG.

Private sector credit is expected to rise 0.6 percent on month, easing from 0.7 percent in March. The services and composite PMIs were at 50.7 and 50.4, respectively, in April. The manufacturing and construction indexes had scores of -27.9 and -19.3, respectively.

New Zealand will provide April figures for building consents and Q1 data for terms of trade. In March, consents were down 1.3 percent on month. Terms of trade are expected to sink 1.2 percent on quarter after rising 3.7 percent in the previous three months.

Japan will see May results for the services and composite PMIs from S&P Global; in April, their scores were 51.0 and 52.2, respectively.

Finally, the markets in South Korea (Election Day) and Thailand (Queen Suthida's birthday) are closed on Wednesday and will return to trade on Thursday.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia GDP Data Due On Wednesday (53 min(s), 06 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q1 numbers for gross domestic product, highlightin ...Full Story»

UK Mortgage Approvals At 15-Month High (09 hr(s), 57 min(s), 06 sec(s) ago)
(RTTNews) - UK mortgage approvals rose to a 15-month high in April despite higher borrowing costs, ...Full Story»

Cyprus Q1 GDP Growth Confirmed At 3.0% (09 hr(s), 59 min(s), 06 sec(s) ago)
(RTTNews) - Cyprus' economic growth rate moderated in the first quarter of 2026, as estimated ...Full Story»

Greece Factory Growth Improves In May (10 hr(s), 49 min(s), 06 sec(s) ago)
(RTTNews) - Greece's manufacturing growth rebounded in May amid faster expansions in output an ...Full Story»

Croatia Inflation Eases To 5.2% In May (11 hr(s), 28 min(s), 06 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia eased in May from a 30-month high in the prior mon ...Full Story»

Eurozone Inflation Strongest Since 2023 (11 hr(s), 56 min(s), 06 sec(s) ago)
(RTTNews) - Euro area inflation accelerated to the highest since 2023 in May as the Middle East co ...Full Story»

Hong Kong Retail Sales Growth Eases In April (12 hr(s), 01 min(s), 06 sec(s) ago)
(RTTNews) - Hong Kong's retail sales growth moderated for the second straight month in April, ...Full Story»

Austria Inflation Rises To 5-month High In May (14 hr(s), 20 min(s), 06 sec(s) ago)
(RTTNews) - Austria's consumer price inflation increased further in May to the highest level i ...Full Story»