Australia GDP nowcast
A weekly nowcast of Australian GDP using a dynamic factor model over 13 high-frequency indicators.
Last updated: 16 Apr 2026
2026 Q1 nowcast
+0.32%QoQ+2.88%YoY$695,960M chain volume
QoQ growth over the last 12 quarters (dark teal) with current nowcast (green). Data through 2026-04.
GDP nowcast evolution
Nowcast for 2026 Q1 | Latest: +0.32%, QoQ (-48 days until release)
Indicators
Labour
Consumer
Business
External
Track record
MAE
$1,832M
0.26% of GDP
RMSE
$1,832M
Directional hit rate
100%
Nowcast predicted the correct direction
Each quarter, the final nowcast (latest vintage before the release) is compared against the actual GDP value. Directional hit rate is the share of quarters where the nowcast correctly predicted growth or contraction.
| Quarter | Final nowcast | Actual | Error ($M) | Error (%) |
|---|---|---|---|---|
| 2025 Q4 | $691,940M | $693,772M | -1,832 | −0.26% |