0.4%: Australia Q2 GDP beats estimates
Australia’s Gross Domestic Product (GDP) rose 0.4% QoQ in the second quarter (Q2) of 2026 compared with the 0.3% growth in the first quarter (Q1), the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in stronger than the expectations of 0.3% expansion.
The annual second-quarter GDP grew by 2.1%, compared with the 2.5% growth in Q1, while above the market consensus of a 1.8% increase.
Market reaction
The Australian Dollar (AUD) attracts some buyers following the upbeat GDP report. The AUD/USD pair is trading at 0.7151, gaining 0.09% on the day.
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