The June Quarter National Accounts figures show that the economy grew by 0.5% and 3.1% over the full years.
The Treasurer, Joe Hockey, says the first half of 2014 has seen economic growth stronger than expected. He said there have improvements in consumer and business confidence, and business conditions are at a four-year high.
Statement released by Treasurer Joe Hockey.
National Accounts – June Quarter 2014
The National Accounts released today show that the Australian economy continued to grow in the June quarter, expanding by 0.5 per cent and 3.1 per cent over the year.
In light of the previous quarter, when the economy grew by 1.1 per cent, it was a strong outcome. It shows that the first half of 2014 was stronger than expected. [Read more...]