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Australia's economy resumes stronger

Australia's economy, last quarter, expanded at its fastest yearly pace, thus performing a remarkable surplus for the last 25 years, amid the exports supporting the nation's performance.

Australia's currency resumes stable

The Aussie remained firm, following the nation's gross domestic product appreciation of 3.3% for the month of June.

The goods and services' value, compared to the first quarter, climbed 0.5%, while the output rose by 1.0%.

The quarter's growth was supported by the modest gains in homebuilding and household spending.

Furthermore, the international trade level performed a strong growth, following the billions spent on various mining projects.

Moreover, amid the Reserve Bank of Australia having minimized interest rates to 1.5%, the RBA highlighted the need for stronger growth.

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Wednesday, 07 Sep, 2016 / 10:09

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-economy-resumes-stronger

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