Australia's gross domestic product added 3.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for an increase of 3.5 percent and was up from 3.3 percent in the previous three months.
On a seasonally adjusted quarterly basis, GDP added 0.9 percent - shy of expectations for an increase of 1.0 percent but still up from the downwardly revised 0.7 percent in the three months prior (originally 0.8 percent).
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.