Australia's economy expands 0.2% in the second quarter, 2.0% on-year

GMT 03:02 2015 Wednesday ,02 September

Arab Today, arab today Australia's economy expands 0.2% in the second quarter, 2.0% on-year

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Sydney - Arab Today

Australia's economy grew by a slower-than-expected 0.2 percent in April to June to take the annual rate of expansion to 2.0 percent as mining and construction activity fell and exports declined, official data showed Wednesday.

The figures released by the Australian Bureau of Statistics compared to analysts' expectations of second-quarter growth of 0.4 percent for year-on-year growth of 2.2 percent.

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