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The Australian Bureau of Statistics (ABS) today released national accounts for the December quarter, which registered a 3.1% rebound in real GDP over the quarter with GDP falling 1.1% through the year.
On a per capita basis, real GDP rose by 3.0% over the quarter and was down 1.8% over the year.
The seasonally adjusted GDP rebound was driven by household consumption expenditure, which contributed 2.3% to growth:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.