06 Sep 23 2 min read
Insights
- Australia's GDP grew by 0.4 per cent in Q2 2023, driven by a 2.4 per cent increase in total gross fixed capital formation and easing supply chain issues.
- Although household spending remained subdued in the June quarter, net trade in goods added 0.5 percentage points to GDP growth.
- The country's nominal GDP fell by 1.2 per cent for the quarter.
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