Q2 2022

Q2 2022

September 7, 2022

Australian seasonally adjusted real GDP rose 0.9% in Q2 2022, in line with the market expectations.

The annual growth rate accelerated to 3.6% from 3.3% in the previous quarter.

The major contribution to the rise in real GDP in Q2 was household consumption expenditure, which rose by 2.2% and added 1.1ppts to the increase.

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