Business Services Industry
AUSTRALIAN ECONOMY POWERS THROUGH SEPT QUARTER.
AsiaPulse News, November, 2003
SYDNEY, Nov 3 Asia Pulse - Australia's economy powered forward in the September quarter as a host of previously negative impulses went into reverse, according to the latest AAP indicator.
The AAP economic indicator for November showed gross domestic product (GDP) was likely to grow by 1.0 per cent in the September quarter for an annual rate of 2.1 per cent.
GDP grew by 0.1 per cent in the June quarter, for an annual lift of 2.0 per cent.
Commonwealth Bank chief economist Michael Blythe said the key drivers would be a lift in consumption and retail spending, particularly motor vehicle sales during the quarter.
"We should see another lift in business investment flowing through and the trade data suggests net exports will be pretty neutral...
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