You are here
Australia government consumption rises 1.9% in Q2
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.
PHOTO: BLOOMBERG
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
