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Asian Economic News

Australia Q2 GDP Rises 0.6% On Quarter

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Australia's gross domestic economy expanded by a seasonally adjusted 0.6 percent in the second quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday.

That was unchanged from the previous quarter, but it beat forecasts for an increase of 0.5 percent.

Terms of trade added 0.1 percent on quarter, while real gross domestic income gained 0.6 percent.

On a yearly basis, GDP was up 2.6 percent versus forecasts for 2.4 percent after adding 2.5 percent in the previous three months.

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