You are here

Australia government consumption rises 0.9% in Q1

aus1.jpg
Australian government spending for consumption rose 0.9 per cent in the first quarter to an inflation-adjusted A$74.34 billion (S$74.16 billion), the Australian Bureau of Statistics reported on Tuesday.

[SYDNEY] Australian government spending for consumption rose 0.9 per cent in the first quarter to an inflation-adjusted A$74.34 billion (S$74.16 billion), the Australian Bureau of Statistics reported on Tuesday.

Investment spending by the government and public enterprises increased 0.7 per cent to A$17.59 billion.

The data will feed into the gross domestic product (GDP) report for the first quarter due on Wednesday.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom