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Australia government consumption rises 1.9% in Q2

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Australian government spending for consumption rose 1.9 per cent in the second quarter to an inflation-adjusted A$75.96 billion (S$78.6 billion), the Australian Bureau of Statistics reported on Tuesday.

[SYDNEY] Australian government spending for consumption rose 1.9 per cent in the second quarter to an inflation-adjusted A$75.96 billion (S$78.6 billion), the Australian Bureau of Statistics reported on Tuesday.

Investment spending by the government and public enterprises increased 15.5 per cent to A$20.45 billion, implying total spending made a sizable contribution to economic growth.

The data will feed into the gross domestic product report for the second quarter due on Wednesday.

REUTERS

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