Australian National Accounts: National Income, Expenditure and Product, March 2025

From abs.gov.au

The Australian economy rose 0.2% in seasonally adjusted chain volume measures. • In nominal terms, GDP rose 1.4%. • The terms of trade rose 0.1%. • Household saving to income ratio rose to 5.2% from 3.9%. table Gross Domestic Product (GDP) rose 0.2% this quarter and by 1.3% since March 2024. GDP growth moderated in the March quarter as the public sector recorded the strongest detraction from growth since September quarter 2017. Extreme weather events further dampened domestic demand and reduced exports. Weather impacts were particularly evident in mining, tourism and shipping. chart Nominal GDP rose 1.4%. ... (full story)