Australian June quarter GDP data was out earlier today:
– The data is here:
– Initial responses from various analysts is here:
More now, NAB:
– Government spending has certainly surprised on the upside, up 2.4% in underlying terms in the quarter and adding 0.5ppt to real GDP growth. This reflects stronger government investment (particularly at the state level) as well as government consumption (largely the wage bill with increases at all levels of government)