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The Australian Bureau of Statistics (ABS) today released the national accounts for the March quarter, which registered a 1.8% rise in real GDP over the quarter with GDP also rising 1.1% through the year.
On a per capita basis, real GDP rose by 1.7% over the quarter to be up 0.8% over the year.
The seasonally adjusted GDP rebound was driven by household consumption expenditure and inventories, which each contributed 0.7% 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.