Australian GDP misses expectations

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The Australian Bureau of Statistics (ABS) has released national accounts data for the September quarter, which posted a 0.6% quarterly increase in real GDP to be up 5.9% year-on-year:

Real GDP

The result missed analysts’ expectations of a 0.7% quarterly rise.

The below table summarises the key movements in the aggregates:

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National accounts

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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.
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