Data from the Australian Bureau of Statistics on June 5 showed real gross domestic product (GDP) for January to March rose 0.1 per cent quarter on quarter, just under market forecasts of 0.2 per cent.
Annual growth dropped to 1.1 per cent, from 1.5 per cent the previous quarter and the slowest pace in three decades outside of the Covid-19 pandemic.
Growth in household spending, which accounts for half of GDP, was only a fraction firmer at 1.3 per cent. Most of that was on essential items such as electricity and healthcare, with discretionary spending almost flat for the year.
There was also grim news for future spending power, with the savings rate sinking to a historically low 0.9 per cent, after large downward revisions to past numbers.
この記事は The Straits Times の June 06, 2024 版に掲載されています。
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この記事は The Straits Times の June 06, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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