Australian Q1 GDP beats expectations

Wednesday 1 June 2022

The ABS has released its Q1 national accounts, with GDP rising 0.8% over the quarter – beating analyst’s expectations of a 0.7% rise.

Annual GDP growth slowed to 3.3%, down from 4.6% over the prior quarter.

Below are the key changes across components:

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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.