Global Macro Service > Data Insights > Australia

Economy beats expectations in the March quarter

Growth was stronger than expected in the first three months of 2018, with output expanding 1% on the quarter and 3.1% y/y. Helped by a rebound in commodities, exports increased by 2.4% q/q, which led net exports to contribute 0.35%pts to growth. Private sector investment was also supportive, with all categories apart from biological resources growing robustly.

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