GDP (sa) 3.3% q/q for a BEAT
- expected +2.5%, prior -7.0%
and -3.8% y/y
- expected -4.4%, prior -6.3%
A (relatively) subdued bounce out of lockdown, not as substantial as many countries have seen. Australia has lagged with 20 % (approx) of the economy still locked in a shut down for much of that quarter due to the resurgence of COVID-19 cases in Melbourne and Victoria.
