Its Over, page-15762

...enough strength for more rate hikes.
Annual GDP misses forecasts, up 5.9pc

Emma Rapaport
Australia’s economy grew by 0.6 per cent in the September quarter, according to data released on Wednesday by the Australian Bureau of Statistics, lifting annual real GDP growth to 5.9 per cent from 3.6 per cent.
The figures missed consensus. Economists polled by Reuters had forecast a gain of 0.7 per cent in the September quarter and 6.2 per cent year-on-year.
“Gross Domestic Product (GDP) rose 0.6 per cent this quarter, the fourth consecutive quarter of growth,” the ABS said in a release.
“GDP rose 5.9 per cent through the year, reflecting sustained economic growth since the effects of the Delta outbreak in September quarter 2021.
“Growth was largely driven by strength in household spending.”