The Australian Bureau of Statistics (ABS) today released the national accounts for the June quarter, which registered a 7.0% decline in real GDP over the quarter and a 6.3% decline over the year.
On a per capita basis, real GDP contracted by 7.2% over the quarter and was down 7.4% over the year.
The seasonally adjusted GDP decline was driven by a heavy fall in household consumption expenditure, which fell a record 12.1%, detracting 6.7 percentage points from GDP:
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