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Alert
Australia Q3 GDP Expands 2.1% Y/Y, Quarterly Growth Slows to 0.4%
12/03/2025, 00:31
12/03/2025, 00:33
AI SUMMARY
●Australia Q3 GDP grew 2.1% year-over-year, rising from the previous 1.8%
●Quarter-over-quarter growth slowed to 0.4% compared to the prior 0.6%
●Data reported by Deutsche Bank shows annual acceleration despite quarterly cooling
Australia's Gross Domestic Product (GDP) grew by 2.1% year-over-year in the third quarter, marking an acceleration from the previous reading of 1.8%. This data highlights an uptick in annual economic performance.
On a quarter-over-quarter basis, the economy expanded by 0.4%. This represents a slowdown in momentum compared to the 0.6% growth recorded in the prior quarter.
According to reports from Deutsche Bank, the latest figures present a mixed scenario where annual growth has strengthened, even as the quarterly pace of expansion has cooled slightly.
Sources (1)
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Australia Q3 GDP Expands 2.1% Y/Y, Quarterly Growth Slows to 0.4% | CB Terminal