Moody's Analytics: Australia's June-quarter GDP composition not re-accelerating
Moody's Analytics says Australia’s June-quarter GDP growth held up, but the mix doesn’t signal re-acceleration. Private investment fell, consumers saved rather than spent, and net trade was positive only due to an unspecified offset.
Australia's GDP growth held up respectably in the June quarter, but its composition doesn't point to a re-accelerating economy, says Sunny Nguyen, Head of Australia Economics at Moody's Analytics.
Private investment fell, consumers saved rather than spent, and net trade was positive only because pe…