Australia’s GDP up 2.1%, living standards stagnate
Content details
Title
Australia’s GDP up 2.1%, living standards stagnate
Subject
Australia’s economy grew 2.1% year-on-year to June, driven by imports, notably EVs, and pockets of demand, while per-capita living standards remain flat. Construction costs rise amid data-centre growth, and business investment cools. With consumer confidence weak but discretionary spending resilient, the outlook keeps the RBA cautious on rate moves.
Publishing date
03 September 26
Related project resources