Australian dollar uplifted on the back of GDP hitting 3.4% of annual growth

  • Sep 05, 2018 AEST
  • Team Kalkine
Australian dollar uplifted on the back of GDP hitting 3.4% of annual growth

This morning Australian dollar spiked 0.5% to US72 cents as gross domestic product (GDP) climbed by 0.9% in June Quarter, beating the expectation of 0.7% growth. As per the reports, GDP annual growth of 3.4% records the fastest pace in nearly six years.

This solid growth is principally powered by household consumption and strong public spending in addition to government-led infrastructure programs.

Chief Economist for the ABS, Bruce Hockman said that domestic demand grew by 0.6% for the June quarter due to 0.7% increase in household spending reflecting strong sales of food, furnishings and household equipment, recreation and culture. 

But the year in which Australian households have saved less and spent more, household saving ratio fell from 1.6% to 1% in June quarter 2018, that’s records a lowest level since December quarter 2007.

However, wages and employment grew by 0.7% during the second quarter, up 4.8% over the year. Real GDP per capita rose 0.5% over the quarter and 1.8% over the year, reflecting the impact of Australia’s population growth.

The chief economist, Paul Dales warned not to celebrate much while raising concern on housing slump.  The recent reports have indicated that there is an expectation of deep cut in housing prices which could be as steep as 12% in next four years.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK