China slowdown squeezes Australian growth
- Published: 5 Dec 2012 at 08.47
- Online news: Asia
Slowing momentum in China curbed Australia's economic growth to 0.5 percent in the three months to September and 3.1 percent from a year earlier, according to the latest data.
File photo shows a man walking past the Australian Stock Exchange in central Sydney. Australia's economy grew 0.5 percent in the three months to September and 3.1 percent from a year earlier, data showed Wednesday, with the key mining industry powering on despite China's slowdown.
The Australian Bureau of Statistics (ABS) said gross domestic product grew a seasonally adjusted 0.5 percent in the quarter, in line with expectations, driven by the mining and manufacturing sectors.
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