Economic Buzz: Australia GDP Rises 5.9% On Year In Q3

7 Dec 2022 , 10:40 AM

Australias gross domestic product expanded 5.9 percent on year in the third quarter of 2022, the Australian Bureau of Statistics reported. On a seasonally adjusted quarterly basis, GDP picked up 0.6 percent – slowing from 0.9 percent in the previous three months. Capital expenditure was down 0.2 percent on quarter after rising 0.2 percent in Q2, while the GDP deflator added 0.2 percent on quarter after jumping 3.3 percent in the second quarter.Powered by Commodity Insights