GDP grew just 0.5% in September quarter

GROWTH in Australia's economy has slowed, with the nation's gross domestic product growing just 0.5% in the September quarter.

The Australian Bureau of Statistics figure does show continued growth, however small in recent months, with growth in GDP up 3.1% for the year.

But Australia's terms of trade continues to fall, down 4% in the September quater, to be 13.7% lower for the year to date.

New business investment grew 5.6% in the quarter, to 12.3% up on last year, while households kept saving, with the savings to income ratio at 10.6%.



BREAKING: People evacuated from Lismore Base Hospital

BREAKING: People evacuated from Lismore Base Hospital

A number of people have been evacuated this afternoon

Investigation continues after girl's tragic death

Investigation continues after girl's tragic death

Car is being mechanically examined as police wait on test results

Hopes new development won't stifle music scene

premium_icon Hopes new development won't stifle music scene

Venue hopes proposed development won't lead to noise complaints

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