close
MENU
0 mins to read

Australian growth slows

Australia's economic growth, as measured by real GDP, slowed down to 0.2% in the September quarter, the Australian Bureau of Statistics said.This compared with an downwardly revised growth figure of 1.1% in the June quarter. Over the year to September, GD

Jamie Gray
Wed, 01 Dec 2010

Australia’s economic growth, as measured by real GDP, slowed down to 0.2% in the September quarter, the Australian Bureau of Statistics said.

This compared with an downwardly revised growth figure of 1.1% in the June quarter. Over the year to September, GDP rose 2.7%, the bureau said.

Market forecasts were for a September quarter growth figure of 0.4%, for an annual seasonally adjusted growth of 3.4%.

The Australian dollar dropped by about half a U.S. cent on the news to around 96USc.
 

Jamie Gray
Wed, 01 Dec 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Australian growth slows
10832