Australia Gross Domestic Product (QoQ) below forecasts (0.5%) in 1Q: Actual (0.3%)

Jun 3, 2026

Australia Gross Domestic Product (YoY) came in at 2.5%, below expectations (2.7%) in 1Q

Australia GDP misses expectations: What 0.3% growth means for AUD/USD

Australia’s Gross Domestic Product (GDP) rose 0.3% QoQ in the first quarter (Q1) of 2026 compared with the 0.8% growth in the fourth quarter of 2025, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in weaker than the expectations of 0.5% expansion.