Australian economy expands 0.6% in Q3, 2.3% on-year

GMT 00:53 2013 Wednesday ,04 December

Arab Today, arab today Australian economy expands 0.6% in Q3, 2.3% on-year

Arab Today

Australia's mining-powered economy expanded a modest 0.6 percent in the three months to September and 2.3 percent on-year, according to data that came in short of consensus Wednesday. The Australian Bureau of Statistics figures compared with analyst forecasts of 0.8 percent for the quarter and 2.6 percent on-year, underscoring a bumpy diversification away from resource drivers of growth for the commodity-rich nation.

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