Q3 2021

Q3 2021

December 1, 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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