US EditionAnnual Australian GDP Growth Fastest in 2 Years, Despite Missing Quarterly Forecast
Private investment, led by machinery and data-centre projects, contributed 0.5 percentage points to Q3 GDP growth, lifting annual growth to 2.1%, the fastest in two years.
- On Wednesday, the Australian Bureau of Statistics reported Australia’s GDP rose 0.4% in the September quarter, lifting the annual growth rate to 2.1%, the fastest pace in about two years.
- Private investment and household consumption drove growth, while inventories detracted; public investment rebounded 3.0% after earlier declines, boosting the quarter.
- Business investment data show machinery and equipment jumped 7.6% led by data-centre projects in New South Wales and Victoria, IT-related machinery investment hit A$2.8 billion, household consumption rose 0.5%, and GDP per person was flat.
- The Reserve Bank of Australia board meets next week and is widely expected to leave interest rates at 3.6%, even as October inflation accelerated to 3.8% and markets price greater odds of future hikes.
- On Tuesday, the Organisation for Economic Co-operation and Development upgraded its forecast, projecting GDP growth of 2.3 in 2026 and 2027 and urging all levels of government to ease zoning restrictions while analysts said rate cuts are off the table.
22 Articles
22 Articles
Australia's economy grows 0.4 pct QoQ in Q3
Australia's annual growth hits two-year high in Q3
Australia's economy grew at the fastest annual pace in two years in the September quarter, fuelled by business, government and consumer spending as markets wagered the next move in interest rates could be up, rather than down.
Australian economy grows at fastest pace in two years
SBS Finance Editor Ricardo Gonçalves speaks with Stephen Halmarick from Economists Unchained and Alice Shen from VanEck to find out what today's official GDP data really says about the economy, implications for interest rates, and how the sharemarket reacted.
Australia economy extend growth streak despite softer-than-expectedGDP
Australia's economy grew by 0.4% in the third quarter of 2025, marking its 16th consecutive quarter of GDP expansion. While this followed an upwardly revised reading for Q2, it fell short of market expectations, which had called for a 0.7% expansion.
The Conversation
Property UpdateAustralian economic growth is solid but not spectacular. Rate cuts are off the table
Australia’s economy grew by a softer-than-expected 0.4% in the September quarter, slowing from 0.6% growth in the June quarter. It confirms the recovery is tracking forward but without strong momentum. Still, figures from the Australian Bureau of Statistics showed annual gross domestic product (GDP) growth was at a two-year high of 2.1%. That’s just above the Reserve Bank’s estimate of long-term trend growth of 2.0%. The September quarter nation…
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