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04.06.201921:40:00UTC+00Australia GDP Gains 0.4% On Quarter In Q1

Australia's gross domestic product expanded a seasonally adjusted 0.4 percent on quarter in the first three months of 2019, the Australian Bureau of Statistics said on Wednesday.

That was in line with expectations and up from the 0.2 percent increase in the three months prior.

On an annualized yearly basis, GDP gained 1.8 percent - again matching forecasts and slowing from 2.3 percent in the previous three months.

Terms of trade rose 3.1 percent on quarter and jumped 6.0 percent on year.



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