Australia’s economy grew 0.6 percent in the third-quarter, boosted by exports and business spending despite weak growth in household expenditure, official data showed Wednesday.
The quarterly expansion took the annual rate of growth to 2.8 percent, slightly below expectations but broadly in line with the central bank’s forecasts, the Australian Bureau of Statistics figures showed.
The previous quarter’s reading of 0.8 percent was revised up to 0.9 percent, extending the Australian economy’s uninterrupted growth to 26 years without a recession.
Australia’s economy expands on exports, business spending
< 1min read
You might also like
Blue Chips & Stocks To Watch!
Top 30 shorted stocks
The technique of profiting from a price fall is called …
Trends & Opportunities
Gold Selloff Risk is High
Gold surged dramatically in recent weeks, powering higher to a …
Best Resources & Offers