Australia's Gross Domestic Product (GDP) rose 0.6% QoQ in the second quarter (Q2) of 2025 compared with the 0.3% growth in the first quarter (revised from 0.2%), the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in stronger than the expectations of 0.5% expansion.
The annual second-quarter GDP grew by 1.8%, compared with the 1.4% growth in Q1 (revised from 1.3%), while above the consensus of a 1.6% increase.
Market reaction to Australia's GDP data
The upbeat Australia GDP report provides some support to the Australian Dollar (AUD). The AUD/USD pair is trading at 0.6524, losing 0.06% on the day.
Source: FXstreet
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