Q1 2022

Q1 2022

June 1, 2022

Australian seasonally adjusted real GDP rose 0.8% in Q1 2022, exceeding market expectations for a 0.6% increase.

The annual growth rate of GDP declined to 3.3% from 4.4% in the previous quarter.

Western Australia saw the second strongest quarterly increase of all states in real state final demand (2.2%), after Victoria.

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