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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Gross Domestic Product QoQ fell to 0.3% in Q1 2026
FMPMonthlyReleased June 2026
Australia Gross Domestic Product QoQ fell to 0.3% in Q1 2026, released June 2026, down 0.6% from December's 0.9% reading. The reading missed the 0.5% consensus by 0.2%. The print is running well below the 12-month average of 0.52%. Gross Domestic Product QoQ is now the lowest in 9 months.
Latest Release
0.3
Actual
0.5
Consensus
0.9
Previous
Median Absolute Error
±0.15 percentage points
across last 6 releases
Last Call
Jun 2026
Predicted: 0.5
Actual: 0.3
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Australia) was reported at 0.3% in June 2026. This missed the market consensus of 0.5% by 0.2%. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through June 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.5%, up from the prior three at 0.47%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 6 releases, the Sigmacast model's median absolute error is 0.15%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Gross Domestic Product QoQ - AU
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About Gross Domestic Product QoQ — Australia
DEFINITION
Australia's Gross Domestic Product QoQ for Q2 2026 came in at 0.300000%, missing the 0.500000% estimate. This marks a slowdown from Q1 2026's 0.900000%, indicating a deceleration in economic growth. The softer print may temper market expectations ahead of upcoming central bank policy decisions. Updated 6/3/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0.3 %, consensus 0.5 %. Prior reading (Oct 2025): 0.8 %. Before that (Jul 2025): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.