Q1 2021

Q1 2021

June 2, 2021

Australian seasonally adjusted real GDP rose by 1.8% in Q1 2021, somewhat more than the 1.5% expected by market participants.

In contrast to the previous quarters, the major contribution to GDP growth in Q1 2021 came from investment, propped up among others by spending machinery and equipment ahead of the expected expiration of tax incentives.

Western Australia saw the largest increase in state final demand of all states.

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