Australia: Economic activity cools down slightly on weaker domestic demand in Q3

In the third quarter, GDP grew a seasonally-adjusted 0.6% over the previous quarter. The increase was slightly below both the 0.7% expansion recorded in the second quarter (previously reported: +0.6% quarter-on-quarter) and market expectations of a 0.7% rise. On an annual basis, GDP expanded 2.3%, which was a decrease compared to the 2.5% expansion recorded in Q2.

Read more about Australian GDP.

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