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Australia Q2 GDP +0.2% Q/Q

AUSTRALIA DATA
MNI (Singapore)
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  • The Australian economy rose 0.2% in seasonally adjusted chain volume measures, marks the eleventh consecutive quarter of growth.
  • GDP rose 1.5% in 2023-24, the weakest annual growth (excluding the COVID-19 pandemic) since 1991-92, a year that included the gradual recovery from the 1991 recession.
  • The terms of trade fell 3.0%, due to falls in export prices relative to import prices.
  • Household saving to income ratio remained at 0.6%
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  • The Australian economy rose 0.2% in seasonally adjusted chain volume measures, marks the eleventh consecutive quarter of growth.
  • GDP rose 1.5% in 2023-24, the weakest annual growth (excluding the COVID-19 pandemic) since 1991-92, a year that included the gradual recovery from the 1991 recession.
  • The terms of trade fell 3.0%, due to falls in export prices relative to import prices.
  • Household saving to income ratio remained at 0.6%