June 05, 2024 02:20 GMT
Australia Q1 GDP +0.1%; Terms of Trade +0.2%
AUSTRALIA DATA
MNI (Singapore)
- The Australian economy rose 0.1% in seasonally adjusted chain volume measures, resulting from subdued domestic demand as increased consumption expenditure was offset by a fall in total investment.
- In nominal terms, GDP rose 1.4%.
- The terms of trade rose 0.2% as export prices were offset by larger falls in import prices.
- Household saving to income ratio fell to 0.9% from 1.6%, saving fell as the rise in nominal household consumption outpaced growth in gross disposable income.
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