Australia’s gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2015, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for an increase of 0.4 percent, and slowed from the upwardly revised 1.1 percent gain in the third quarter (originally 0.9 percent).
On a yearly basis, GDP jumped 3.0 percent – also topping expectations for 2.5 percent and up from the upwardly revised 2.7 percent increase in the three months prior (originally 2.5 percent).
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