The Australian Bureau of Statistics (ABS) today released the national accounts for the June quarter, which registered soft 0.5% growth in real GDP over the quarter and just 1.4% growth over the year.
On a per capita basis, real GDP was flat over the quarter, but down by 0.2% over the year.
Most importantly for Australian workers, average compensation per employee rose by 2.1% in the year to June – continuing the run of weak prints.
