GDP lifts as investment and essential spending strengthen
GDP rose in the September quarter as private investment surged and households prioritised essential spending amid flat per-capita growth. Australia’s economy expanded in the September quarter, with gross domestic product rising 0.4 per cent and 2.1 per cent over the year, according to the Australian Bureau of Statistics (ABS). Grace Kim, ABS head of national accounts, said: “Economic growth was steady in the September quarter...
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