Original article by David Uren
The Australian – Page: 1 & 4 : 3-Dec-15

The latest GDP data shows that the Australian economy expanded by 0.9 per cent in the September 2015 quarter, and 2.5 per cent year-on-year. The quarterly GDP data bolstered both the Australian dollar and the local sharemarket on 2 December, while it will also help improve the Budget bottom line. Meanwhile, domestic demand has risen by 4.2 per cent in Victoria and 2.6 per cent in New South. However, the decline in capital investment in the resources sector has resulted in domestic demand falling in Western Australia and Queensland.

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AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN BUREAU OF STATISTICS, BARCLAYS BANK PLC, AUSTRALIAN LABOR PARTY