March 05, 2025 00:47 GMT
MNI BRIEF: Aussie Q4 GDP Rises 0.6% Q/Q
MNI (MELBOURNE) - The Australian economy grew 0.6% q/q in Q4, up from Q3’s 0.3% and in line with expectations, data from the Australian Bureau of Statistics showed Wednesday.
The economy grew 1.3% on a year-ended basis, up 50 basis points over Q3, the National Accounts showed.
GDP per hours worked, a measure of productivity closely followed by the Reserve Bank of Australia, fell 0.1% q/q, up from Q3’s -0.5%, while real unit labour costs rose 0.6%, down from the previous 0.7% increase.
“Modest growth was seen broadly across the economy this quarter. Both public and private spending contributed to the growth, supported by a rise in exports of goods and services,” said Katherine Keenan, head of national accounts at the ABS.

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