Australia’s GDP increases 0.4% in June quarter of 2023

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Australia’s GDP increases 0.4% in June quarter of 2023
Australia’s GDP grew by 0.4 per cent in Q2 2023, driven by a 2.4 per cent increase in total gross fixed capital formation and easing supply chain issues.
Although household spending remained subdued in the June quarter, net trade in goods added 0.5 percentage points to GDP growth.
The country’s nominal GDP fell by 1.2 per cent for the quarter.

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