Mar 7, 2018

Trade detracts from December economic growth result

A poor trade performance in the December quarter dragged down economic growth, the latest national accounts show.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

Economic growth fell in the December quarter, with falling exports crimping growth despite a strong performance from households. 

Today's national accounts data from the Australian Bureau of Statistics shows the economy grew 0.4% seasonally adjusted in the three months to December and 2.4% over 2017. It was the lowest quarter-on-quarter rate since the 0.2% contraction in the 3rd quarter of 2016.

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