Australia's GDP Growth Slows in Q4

In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%., ABS 3/7/2012 11:15:41 AM

On the expenditure side, the increase this quarter (in seasonally adjusted volume terms) was driven by Household final consumption expenditure (adding 0.3 percentage points), Changes in inventories (adding 0.3 percentage points) and Net exports (adding 0.3 percentage points). Partially offsetting these rises was Private gross fixed capital formation (detracting 0.4 percentage points).