Financial News: Australia GDP Adds 0.2% On Quarter In Q1

Australia GDP Adds 0.2% On Quarter In Q1

06/03/2025 - 22:04:00 (RTTNews)

(RTTNews) - Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.

That missed expectations for an increase of 0.4 percent and was down from 0.6 percent in the three months prior.

On an annualized basis, GDP was up 1.3 percent - again shy of forecasts for an expansion of 1.5 percent and steady from the previous quarter.

GDP capex was up 0.1 percent on quarter, slowing from 0.7 percent in the previous three months, while final consumption also slowed, to 0.2 percent on quarter from 0.5 percent.

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