The run of QIII data releases is approaching a peak, with the GDP data due tomorrow. Based on the data flow to date, weexpect real QIII GDP growth to print at 0.8% in the quarter. It means, revisions aside, annual GDP would be around 2.7%above year ago levels. Nominal GDP is expected to rise by 0.7% in QIII and 3.7% over the past year. Net exports will makea large, 0.7 percentage points, contribution to QIII GDP.
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Commonwealth Bank