Australia government spending rose 1.8 pct in Q4
SYDNEY, March 5 (Reuters) - Australian government spending
on operational items rose 1.8 percent in the December quarter
from the previous quarter to an inflation-adjusted A$89.29
billion, the Australian Bureau of Statistics reported on
Investment in assets by the government and public
enterprises rose 0.3 percent to A$23.4 billion. The data
suggests overall government spending added to economic growth
The data will feed into the gross domestic product (GDP)
report for the December quarter due on Wednesday. Economic
growth is forecast to rise 0.4 percent last quarter, according
to a median of economists polled by Reuters, leaving the annual
pace at 2.6 percent.
(Reporting by Wayne Cole
Editing by Shri Navaratnam)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.