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Treasury: Monthly Economic Indicators for October
Treasury: Monthly Economic Indicators for October 2017
The Monthly Economic Indicators report
for October 2017 is now available: http://bit.ly/2yC5TgY
Key points:
• An easing in surveyed business
activity and soft agricultural production points to slower
growth in the September quarter than forecast in the
Pre-election Update
• Stronger-than-forecast
CPI inflation and rising terms of trade to support nominal
growth
• Labour market conditions stronger than
expected
• GDP growth is expected to pick up in
the December quarter
• Outlook for global
growth improves
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