Mumbai, June 3 -- Australia's economy grew 0.3% quarter-on-quarter in Q1 2026, slowing sharply from 0.9% growth in the previous quarter and marking the weakest expansion in a year. The slowdown was driven by softer household and government spending, weather-related disruptions to mining activity, and weaker export demand. Net trade subtracted 0.8 percentage points from growth as exports fell 1.1% and imports rose 2.1%. However, domestic demand remained supportive, led by strong private investment, particularly in machinery and equipment linked to data center projects. On an annual basis, the economy expanded 2.5%.
Published by HT Digital Content Services with permission from Capital Market....