Core Viewpoint - Australia's GDP for Q2 2025 increased by 0.6% quarter-on-quarter and 1.8% year-on-year, indicating a rebound from Q1's growth slowdown due to extreme weather [1][1][1] Economic Growth - The Q2 GDP growth of 0.6% is an improvement from Q1's 0.3% and exceeds market expectations [1][1] - Household and government spending were the main drivers of economic growth in Q2, with increases of 0.9% and 1.0% respectively [1][1] - Public investment saw a decline of 3.9% quarter-on-quarter [1] Consumer Behavior - Following interest rate cuts by the Reserve Bank of Australia in February and May, household spending on non-essential items increased [1][1] - The household savings rate decreased from 5.2% in Q1 to 4.2% in Q2, suggesting a recovery in consumer spending after a period of weakness [1][1] Government Perspective - The Australian Treasurer highlighted the positive economic momentum in the face of global economic uncertainties, as indicated by the latest data from the Australian Bureau of Statistics [1][1]
澳大利亚二季度GDP环比增长0.6%
Zhong Guo Xin Wen Wang·2025-09-03 09:34