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MNI BRIEF: Aussie GDP Growth Prints at 0.2%

Australian GDP growth softened 10 basis points over Q4 2023, growing 0.2% q/q, in line with expectations, data from the Australian Bureau of Statistics showed Wednesday.

GDP per capita improved 20bp to -0.3% q/q, while the household savings-to-income ratio rose to 3.2% q/q from 1.9% after eight consecutive quarterly falls.

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Australian GDP growth softened 10 basis points over Q4 2023, growing 0.2% q/q, in line with expectations, data from the Australian Bureau of Statistics showed Wednesday.

GDP per capita improved 20bp to -0.3% q/q, while the household savings-to-income ratio rose to 3.2% q/q from 1.9% after eight consecutive quarterly falls.

Keep reading...Show less