Australian economic growth data for the April to June quarter, 2025
Q2 GDP +0.6% q/q for a beat
- expected +0.5%, prior +0.2%
+1.8% y/y beating also, and the fastest in 2 years (bear in mind that 2.5% used to be considered a normal growth rates, so still well short of that)
- expected +1.6%, prior +1.3%
The inflation indicator in the figures, GDP Chain Price Index is -0.5%, some good news for the Reserve Bank of Australia.
- prior +0.5%
Consumption jumped 0.9%
- government spending and business capex added not a lot to GDP
- household saving dripped back to 4.2% from 5.2% previously , helping with the consumption boost
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AUD/USD is not a lot changed, up a few points to around 0.6520
