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Commodity Mid Session News

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(04 Jun 2025, 09:54)

Economic Buzz: Australia Q1 GDP growth slows to 0.2%

Australia’s economy grew by just 0.2 percent in Q1 2025, down from 0.6 percent in Q4, marking the weakest pace in three quarters. Public spending fell 2.0 percent, the biggest drag since 2017, due to project completions and weather-related delays. Household spending slowed to 0.4 percent, focused mainly on essentials. Government expenditure was flat, and net trade weighed on growth as exports dropped more than imports. Inventory changes added 0.1 percentage point, while the savings ratio rose to 5.2 percent from 3.9 percent. Annual GDP grew 1.3 percent.
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