As summarised by Houses & Holes earlier, the Australian Bureau of Statistics (ABS) today released the national accounts for the June quarter, which registered a 0.5% increase in real GDP over the quarter and a 3.1% rise over the year. The result beat market expectations for 0.4% growth over the quarter and 3.0% growth over the year.
On a per capita basis, however, real GDP increased by only 0.1% and by 1.5% over the year. Further, real national disposable income per capital fell by 0.6% over the quarter and by 0.5% over the year.
