Story details

On September 2, the Australian Bureau of Statistics reported that real gross domestic product rose 0.4% in the June 2026 quarter, measured in seasonally adjusted chain-volume terms. Growth over the year was 2.1%. Nominal GDP, measured at current prices, increased 0.8% for the quarter, while the terms of trade fell 1.6%. The ABS described growth as subdued and said higher imports moderated the contribution to overall GDP.

The household saving-to-income ratio edged up to 6.5% from 6.4% in the March quarter. Quarterly GDP is an aggregate measure of economic activity compiled through production, expenditure and income approaches; it is not per-person income, each household’s spending or a forecast of future growth. The ABS also included the first annual growth estimates for the 2025–26 financial year. Chain-volume growth and nominal change at current prices use different price bases.