Australia Saw GDP Growth of 0.4% in the September quarter 2019

  • Dec 04, 2019 AEDT
  • Team Kalkine

The Australian economy observed a growth of 0.4 per cent in the September quarter 2019 in seasonally adjusted terms, reported the Australian Bureau of Statistics (ABS). Moreover, the economy grew by 1.7 per cent through the year.

The ABS has provided the following data for the September quarter:

  • Household saving ratio rose to 4.8.
  • Domestic final demand added 0.2 percentage points to the country’s GDP growth, fueled by the public sector.
  • Net exports also added 0.2 percentage points to GDP growth.
  • Terms of trade advanced 0.4 per cent.


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