Australia’s GDP grew 0.6 per cent in the June quarter 2025 and 1.8 per cent YoY, with 1.3 per cent growth for FY2024-25, as per ABS.
The growth was driven by household and government spending, while public investment fell 3.9 per cent, its steepest drop since 2017 outside COVID.
Net trade added 0.1 points.
Household savings slipped to 4.2 per cent as spending outpaced income growth.
The growth was driven by household and government spending, while public investment fell 3.9 per cent, its steepest drop since 2017 outside COVID.
Net trade added 0.1 points.
Household savings slipped to 4.2 per cent as spending outpaced income growth.
