Australia Q2 GDP Beats Forecast as Cost Pressures Keep RBA on Alert

Australia’s economy grew slightly faster than expected in June quarter, with GDP growth rising from 0.3% to 0.4% q/q, above 0.3% consensus. Annual growth nevertheless slowed from 2.5% to 2.1% y/y, but comfortably exceeded 1.8% expected. ABS described growth as “subdued”, noting households remained cautious even as pockets of private demand provided support. Domestic final […] The post Australia Q2 GDP Beats Forecast as Cost Pressures Keep RBA on Alert appeared first on ActionForex.