Oh dear, data on economic growth for Australia in the April to June quarter of 2019. Weak but at least its got a plus in front of it!
+0.5% q/q
- expected 0.5%, prior 0.5%, revised up from 0.4%
+1.4% y/y , weakest since 1991
- expected 1.4%, prior 1.8%
Details in very brief:
Private sector very weak
- construction
- retail and wholesale trade are all detracting from growth
Public spending and net exports are positives
Population growth also a positive contributor
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Background: