September 06, 2023 01:42 GMT
Australia Q2 GDP +0.4%; Exports, Investment Contribute
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- The Australian economy rose 0.4% in seasonally adjusted chain volume measures, the seventh consecutive rise.
- GDP rose 3.4% in 2022-23, above the 10-year pre-pandemic average of 2.6%.
- The terms of trade fell 7.9%, due to export prices (-8.2%).
- Household saving ratio decreased to 3.2% from 3.6%