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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
