Australias economy lost some momentum in the September quarter, posting slower-than-expected growth as rising inventories weighed heavily on overall performance. According to fresh data released by the Australian Bureau

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.

Australia’s economic growth probably accelerated at the fastest pace in three years last quarter, coinciding with hotter inflation that’s prompted traders and some economists to wager the Reserve Bank’s next move will be an interest-rate increase.

To receive market updates in your inbox, sign up to the newsletter Global Macro Playbook. Australia's economy grew at its slowest annual pace since the pandemic in the third quarter, disappointing expectations for a rebound and prompting a significant ...

Australia's economy expanded 1.3% year on year in the fourth quarter, accelerating for the first time since September 2023. The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the ...

First quarter 2024 GDP growth slowed to just 0.1% QoQ. This brings the annual growth rate down from 1.5% to 1.1%. But while growth is slowing, inflation remains sticky - providing the Reserve Bank of Australia with a policy headache. Until rates start to ...

SYDNEY (Reuters) -Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth. The Reserve Bank ...