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Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Meanwhile, domestic demand contributed 1.0 percentage point to GDP growth, driven by private investment (0.7 pp) and, to a lesser extent, household consumption (0.3 pp). Machinery and equipment investment surged 16.3%, prompted by spending on data centers, while public investment rose 0.9% on higher defense and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%, below forecasts of 2.7%.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Domestic demand remained the main driver, contributing 1.0 percentage point to GDP growth, led by private investment (0.7 percentage points) and household consumption (0.3 percentage points). Machinery and equipment investment surged 16.3%, driven by spending on data centres, while public investment rose 0.9% on higher defence and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Domestic demand remained the main driver, contributing 1.0 percentage point to GDP growth, led by private investment (0.7 percentage points) and household consumption (0.3 percentage points). Machinery and equipment investment surged 16.3%, driven by spending on data centres, while public investment rose 0.9% on higher defence and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth eased to 2.5% from 2.6% in Q4.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below the expected 0.5% growth, and easing from a 0.9% expansion in Q4. This marked the softest economic growth in a year, driven by weak household and government spending, alongside adverse weather conditions that disrupted mining output and exports. Business investment in data centre machinery and equipment provided the largest boost to growth, however, because most of these capital goods were imported, the positive impact on GDP was partly offset by a significant drag from net exports.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Meanwhile, domestic demand contributed 1.0 percentage point to GDP growth, driven by private investment (0.7 pp) and, to a lesser extent, household consumption (0.3 pp). Machinery and equipment investment surged 16.3%, prompted by spending on data centers, while public investment rose 0.9% on higher defense and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%, below forecasts of 2.7%.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below the expected 0.5% growth, and easing from a 0.9% expansion in Q4. This marked the softest economic growth in a year. Grace Kim, ABS head of National Accounts, noted the slower growth came with modest household and public sector expenditure as well as cyclone disruptions to mining and export activities.
Published on 2026-06-03

Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Domestic demand remained the main driver, contributing 1.0 percentage point to GDP growth, led by private investment (0.7 percentage points) and household consumption (0.3 percentage points). Machinery and equipment investment surged 16.3%, driven by spending on data centres, while public investment rose 0.9% on higher defence and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%, below forecasts of 2.7%.
Published on 2026-06-03

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It marked the 17th consecutive quarter of growth, amid solid domestic demand that was supported by private and public sectors. Annually, GDP grew 2.6%, above forecasts of 2.2% and after a 2.1% rise in Q3. It represented the fastest yearly growth since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government expenditure (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4 ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government spending (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase in near three years.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It marked the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Household consumption eased (0.3% vs 0.5% in Q3), mainly lifted by discretionary spending amid Black Friday events, while government spending stayed firm (0.9% vs 1.1%). Private investment grew 0.7% (vs 3.2%), adding 0.1ppts, supported by spending on data centres and aircraft. Public investment rose further (0.9% vs 3.0%), helped by transport infrastructure projects and higher defence outlays. Inventories added 0.4ppts as firms rebuilt stocks through increased production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest yearly growth since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government expenditure (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4 ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It marked the 17th consecutive quarter of growth, amid solid domestic demand that supported by private and public sectors. Annually, GDP grew 2.6%, above forecasts of 2.2% and after a 2.1% rise in Q3. It represented the fastest yearly growth since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government expenditure (0.9% vs 1.1%) and public investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4 ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government spending (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP expanded 2.6%, above forecasts of 2.2% and the fastest increase in near three years.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government spending (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase in near three years.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy grew 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% expansion in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government expenditure (0.9% vs 1.1%) and public investment (0.9% vs 3.0%, lifted by transport infrastructure projects and higher defence outlays). Inventories added 0.4ppts as firms rebuilt stocks via production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest yearly growth since Q1 2023.
Published on 2026-03-04

Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government expenditure (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4 ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP expanded 2.6%, above forecasts of 2.2% and the fastest increase since Q1 2023.
Published on 2026-03-04

Australia Q3 GDP Growth Below Expectations
The Australian economy expanded 0.4% qoq in Q3 2025, following an upwardly revised Q2 reading and market estimates of 0.7%, though still marking the 16th consecutive quarter of growth. Household consumption slowed sharply (0.5% vs 0.9% in Q2), as discretionary spending cooled after a strong Easter-related boost in the prior quarter. Meantime, government spending growth was little changed (0.8% vs 0.9%). Net trade was a drag, with exports (1.0% vs 2.3%) rising less than imports (1.5% vs 2.3%); while inventories subtracted 0.5ppts. In contrast, private investment surged (2.9% vs 0.2%), contributing 0.5ppts and marking its fastest pace since Q1 2021, driven by stronger machinery and equipment spending. Public investment also rebounded (3.0% -3.5%) on the back of renewable energy and water, telecommunications and rail transport projects. The household savings ratio increased (6.4% vs 6.0%). Annually, GDP grew 2.1%, slightly below forecasts of 2.2% and following a 2.0% rise in Q2.
Published on 2025-12-03

Australia Q3 GDP Growth Below Expectations
The Australian economy expanded 0.4% qoq in Q3 2025, following an upwardly revised Q2 reading and market estimates of 0.7% while marking the 16th consecutive quarter of growth. Household consumption slowed sharply (0.5% vs 0.9% in Q2), as discretionary spending cooled after a strong Easter-related boost in the prior quarter. Meantime, government spending growth was little changed (0.8% vs 0.9%). Net trade was a drag, with exports (1.0% vs 2.3%) rising less than imports (1.5% vs 2.3%); while inventories subtracted 0.5ppts. In contrast, private investment surged (2.9% vs 0.2%), contributing 0.5ppts and marking its fastest pace since Q1 2021, driven by stronger machinery and equipment spending. Public investment also rebounded (3.0% -3.5%) on the back of renewable energy and water, telecommunications and rail transport projects. The household savings ratio increased (6.4% vs 6.0%). Annually, GDP grew 2.1%, slightly below forecasts of 2.2% and following a 2.0% rise in Q2.
Published on 2025-12-03