Gavin Friend
speaker
7,937 appearances
60 recordings
1 series
first heard Sep 2024
last heard 2 Sep
Gavin Friend’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.
Appearances
Remember that estimate was sort of pushed down anyway after the softer GDP partials on the trade side earlier in the week.
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Um annual growth 2.5%, uh forecast 2.6%.
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I mean NAB's forecast was 0.3 after that uh softer uh partial numbers.
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Um the 0.3 quarterly rise uh in Q1 compares to 0.9, that was revised.
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Up from point eight in uh the in the last quarter of last year.
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Um uh you might say growing a third of the uh of the of the quarterly pace uh seen at the end of last year might suggest higher rates are biting.
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And we would note or should note that domestic growth momentum did slow.
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But this data was quite noisy.
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Um there was a surge in data center investment there and there was the the cycle.
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disruptions um to uh to mining production which offic which which which which held back um um export growth.
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Domestic demand at 1%.
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That added one percentage point to growth.
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That looks pretty good.
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The main drivers there was that underlying business investment up five nearly six percent on the quarter, primarily strong data center related spending.
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Um, machinery uh and equipment investment rose nearly fifteen percent on the quarter, all up.
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That added 0.7 percentage points.
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So that's the bulk of the one percent sort of total domestic demand rise.
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Household consumption row is 0.5 versus 0.4 in Q4.
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And that looks okay, but it flatters what's actually going on, the underlying picture, because it was boosted by the unwinding unwinding of the uh of the electricity subsidies.
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Strip that out, and the point five is more like 0.2.
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Showing 901–920 of 7,937 · page 46 of 397
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