Australia's Q3 GDP comes in a touch softer-than-expected
Australia's Gross Domestic Product (QoQ) for Q3 came at 0.6% vs 0.7% exp and 0.8% last, while the yearly reading registered 2.8% vs 3% exp and 1.8% last.
Q3 KEY POINTS - Australian Bureau of Statistics
The Australian economy grew by 0.6% in seasonally adjusted chain volume terms in the September quarter.
Compensation of employees increased 1.2%.
17 of 20 industries recorded positive growth this quarter.
New engineering construction increased 6.3%.
Household final consumption expenditure increased 0.1% for the quarter.