Australia's third-quarter GDP expands at fastest pace in about 2 years on investment, consumption boost

‘Off the table’: Bleak news for Aussie homeowners as new figures arrive

Surging investment in data centres and housing has driven Australia’s economic growth rate to its fastest pace in two years.

Australian 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…

Australia's third-quarter GDP expands at fastest pace in about 2 years on investment, consumption boost

GDP rose 2.1% year on year, marking its strongest expansion since the third quarter of 2023 when the economy grew at the same rate.

Australian GDP Growth Slows in Third Quarter

Australia’s gross domestic product (GDP) increased by 0.4 per cent in the third quarter, according to recent data. This figure is slightly below the market consensus of 0.7 per cent, and follows an upwardly revised 0.7 per cent growth in the previous quarter. The year-on-year economic expansion reached 2.1 per cent, compared to an upwardly revised 2 per cent for the second quarter. The consensus forecast anticipated a 2.2 per cent expansion. The…