Tag: September quarter
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Economy rebounds with 1.1% growth in September quarter
Overview: The economy rebounds with 1.1% growth The latest data shows the economy expanding by 1.1% in the September quarter, aided by stronger activity across business services, manufacturing and construction. The pace marks a solid rebound after a revised contraction in the prior quarter and outpaces economists’ expectations for a rise between 0.8% and 1.0%.…
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Economy rebounds with 1.1% September quarter growth
Solid Step Forward for the Economy in the September Quarter The economy rebounded with a 1.1% expansion in the September quarter, according to latest data. This quarterly growth figure surpasses market expectations, which had penciled in an increase of roughly 0.8% to 1.0%. The annual pace also picked up, with the economy 1.3% higher than…
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Economy Rebounds: 1.1% Growth in September Quarter Drives Upbeat Outlook
Strong Q3 Performance Lifts Economic Sentiment The economy edged up by 1.1% in the September quarter, defying expectations and signaling renewed momentum after a tougher spell earlier in the year. The quarterly rise, paired with a year-on-year increase of 1.3%, suggests the economy is regaining some of its footing, supported by a broad mix of…
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Wages Stagnate as Inflation Surges Narrow Real Gains for Australian Workers
Wages Growth Slows to Real-World Standstill Updated wage data for Australia show a sobering reality: private-sector wages are growing only just faster than inflation, leaving workers with little to no real wage gain in the September quarter. The figures underscore a shift from a period of higher nominal pay increases to a more restrained pace…