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Australian National Accounts: National Income, Expenditure and Product
Key statistics: • The Australian economy rose 0.7% in seasonally adjusted chain volume measures GDP rose 1.4% in 2020-21 • The terms of trade rose 7.0% • Household saving ratio decreased to 9.7% from 11.6% tables Australian economy rose 0.7% in June quarter: Gross Domestic Product (GDP) rose 0.7% this quarter, reflecting the continued easing of COVID-19 restrictions and the recovery in the labour market. Lockdowns had minimal impact on activity overall, with fewer lockdown days and the more prolonged stay-at-home orders in NSW only commencing in the last week of June. The Australian economy grew by 1.4% over ... (full story)