Australia GDP Grew 0.5% in Q4, Misses Forecasts
Australia GDP Grew 0.5% in Q4, Misses Forecasts
Australia’s economy slowed 0.5 per cent in the December quarter, compared with 0.7 per cent in the previous quarter, under forecasts of 0.8 per cent, as inflation and higher interest rate cooled demand, data from the Australian Bureau of Statistics on Wednesday showed.
澳大利亞統計局周三的數據顯示，澳大利亞經濟在 12 月季度放緩 0.5％，而上一季度的 0.7％，在通脹和利率上升的需求下，預測為 0.8％。
Annual gross domestic product (GDP) grew 2.7 per cent, in line with expectations.
年度國內生產總值增長 2.7%，符合預期。
Katherine Keenan, ABS head of national accounts, said final consumption and net trade were the major drivers of GDP growth.
國家賬戶的 ABS 負責人凱瑟琳·基南（Katherine Keenan）表示，最終消費和淨貿易是國內生產總值增長的主要驅動因素。
The terms of trade rose 0.6 per cent, taking annual growth to 7.2 per cent.
貿易條款上升 0.6%，每年增長至 7.2%。
Household saving ratio fell sharply to 4.5 per cent in the December quarter, from 7.1 per cent.
住戶儲蓄比率大幅下降至 12 月份的 4.5%，由 7.1%。