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Australia Q2 GDP +0.4%; Exports, Investment Contribute

AUSTRALIA DATA
MNI (Singapore)
  • 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%

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