The latest NAB Regional & Agribusiness webinar provides insights on the Australian & Global Economies, and a regional and rural property update. Watch the webinar here.
May 30, 2025
Australian GDP Preview Q1 2025
A private sector improvement to support growth
Key points:
- NAB expects a Q1 GDP print of 0.5% q/q (1.7% y/y).
- Consumption growth looks to have lost some momentum, but other private sector components will support growth in the quarter.
- This outcome would be broadly in line with the RBA’s Q1 forecast in the May SoMP.
- Partials for inventories, trade and public spending will be released early next week which will further firm up the estimate ahead of the release.
Read the full report here: GDP Preview (Q1 2025)
