1 of 1
Story summary
- Australia’s economy grew 2.1% year-on-year in Q2 2026, beating Reuters’ 1.8% forecast.
- Private demand and mining exports drove growth, with household spending up 0.4%.
- Higher fuel prices from the Middle East conflict prompted households to cut fuel use and travel.
- The stronger GDP lets the Reserve Bank keep tightening as July inflation rose to 3.5% above the 3.3% forecast.
