Treasury media advisory: Monthly Economic Indicators report for January 2018

The Monthly Economic Indicators report for January 2018 is now available on the Treasury website:http://bit.ly/2nIV2JJ

Main points:
• GDP grew 0.6% in the September quarter, with solid construction growth. Revisions to GDP showed stronger growth over the past two years.
• Early indicators for the December quarter are mixed, with solid electronic card spending but falls in confidence measures.
• The current account deficit narrowed in the September quarter, the goods deficit narrowing to a three year low. Recent trade data shows the annual goods deficit will narrow further in the December quarter.
• The IMF revises global growth outlook upwards on the back of a recovering global economy, stronger demand, increasing confidence and US fiscal stimulus boosting investment.