Australien Bip-Wachstum

The Australian economy grew by 0.6% qoq in Q4 of 2024, accelerating from 0.3% in Q3 and exceeding market consensus of 0.5%. This marked the 13th quarter of expansion and the fastest pace since Q4 2022, driven by a rebound in household spending (0.4% vs flat result in Q3), as expenditures on essentials like rent and healthcare continued to rise. Private investment also picked up (0.3% vs flat reading%), supported by investment in new engineering, electricity infrastructure, and mining. On the trade front, exports of goods and services grew robustly (0.7%), while imports edged up 0.1%, contributing 0.2ppts to GDP. Government spending rose 0.7%, easing from a 1.4% rise in Q3 and marking the slowest gain in a year. Meanwhile, changes in inventories added 0.1 percentage points, turning positive for the first time in three quarters. The household savings ratio increased to 3.8% from 3.6% in Q3. On an annual basis, the GDP expanded 1.3%, after a 0.8% rise in Q3 and above consensus of 1.2%.