Sydney, Australia
Michael Dunning | Bank pictures | Getty Images
The Australian economy spread 1.3% Year after year in the fourth quarter, accelerating for the first time since September 2023.
GDP growth won the expectations of 1.2% of the increase in economists surveyed by Reuters.
The Statistics Office in the country said that growth was “modest” but widely grounded, adding that “both public and private expenditures contributed to growth, supported by the increase in exports of goods and services.”
Based on the quarterly, GDP increased by 0.6%, beating the expectations of 0.5% of the rise in the Reuters survey and marking its fastest growth from the third quarter of 2022.
Data come after the Central Bank of Australia Small reference rates at a monetary policy meeting Last month, commemorating his first reduction in more than four years, in the midst of economic slowness and relief of inflation.
Australian S & P/Asx 200 The stock index fell 0.88% after the data released, while Dollar Aussie weakened on the store to 0.6256 compared to Greenback.
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