Monday, June 4, 2007

Australia's Economy Probably Expanded in First Quarter on Retail Spending

(Bloomberg) -- Australia's economy probably grew 1
percent in the first quarter, matching the fastest pace in almost
two years, as consumer spending accelerated, according to economists.

Gross domestic product matched the fourth-quarter pace,
according to the median estimate in a Bloomberg News survey of 24
economists. That 1 percent expansion was the fastest since the June
quarter of 2005. The Bureau of Statistics releases the report
tomorrow at 11:30 a.m. in Sydney.


Read more at Bloomberg Bonds News

No comments: