Australia's Economic Growth Slows to 0.3% in Q1 2026
Summary
Australia's economic growth slowed to 0.3% in Q1 2026, with a decline in mining production and exports impacting the GDP growth rate.
Key Points
- Australia's GDP grew by 0.3% in Q1 2026, down from 0.9% in the previous quarter.
- Annual economic growth rate remained steady at 2.5% for the 12 months to March.
- Mining sector production fell by 1.5% due to adverse weather conditions.
- Trade balance negatively impacted quarterly growth by 0.8 percentage points.
