Q3 2021
Q3 2021
Australian seasonally adjusted real GDP declined 1.9% in Q3 2021, less than the 2.7% fall expected by the markets.
The big decline in Q3 real GDP growth was unsurprisingly driven by a 4.8% drop in household consumption spending amid lockdowns over east.
Western Australian real state final demand rose 0.6%, driven mainly by a 1.9% increase in household consumption.
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