Australia's Q3 GDP comes in a touch softer-than-expected

Ivan Delgado Independent Analyst

Australia's Gross Domestic Product (QoQ) for Q3 came at 0.6% vs 0.7% exp and 0.8% last, while the yearly reading registered 2.8% vs 3% exp and 1.8% last.

Q3 KEY POINTS - Australian Bureau of Statistics

The Australian economy grew by 0.6% in seasonally adjusted chain volume terms in the September quarter.

Compensation of employees increased 1.2%.

17 of 20 industries recorded positive growth this quarter.

New engineering construction increased 6.3%.

Household final consumption expenditure increased 0.1% for the quarter.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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