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AUSTRALIA'S SEPT QUARTER ECONOMIC GROWTH TIPPED TO BE ROBUST.
SYDNEY, Dec 2 Asia Pulse - Australia's economic growth is tipped to be robust in the September quarter despite the effects of the drought and more moderate consumer demand and building inputs.
According to the AAP economic indicator for December, gross domestic product (GDP) was expected to have grown 0.8 per cent in the September quarter to be up 3.3 per cent in the year to September.
GDP grew by 0.6 per cent in the June quarter and September quarter numbers are published on December 4.
HSBC senior economist Anthony Thompson said construction growth will still be reasonable and there will be a firm contribution from household consumption.
"And we expect Monday to reveal a positive boost from non-farm stocks which should help offset the detraction from farm stocks due to the drought," he said.
Inventories and company profits data for the September quarter are published ...
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