The Australian Bureau of Statistics (ABS) today released the national accounts for the June quarter, which registered a 0.8% rise in real GDP over the quarter with GDP also rising 9.9% through the year (due to the ‘base effect’).
On a per capita basis, real GDP rose by 0.4% over the quarter to be up 9.4% over the year.
The seasonally adjusted GDP rebound was driven by household consumption expenditure, which contributed 0.6% to growth:
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